UBS Group Has Lowered Expectations for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target cut by analysts at UBS Group from C$62.00 to C$57.00 in a report released on Wednesday,BayStreet.CA reports. UBS Group’s price target points to a potential upside of 4.61% from the stock’s current price.

Other research analysts have also issued reports about the stock. TD Securities set a C$66.00 target price on shares of Pembina Pipeline and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Wells Fargo & Company lowered Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday, December 12th. Raymond James boosted their price objective on shares of Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday. Finally, BMO Capital Markets dropped their target price on shares of Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline has an average rating of “Moderate Buy” and a consensus target price of C$59.31.

Pembina Pipeline Price Performance

TSE:PPL traded down C$0.90 during mid-day trading on Wednesday, hitting C$54.49. 1,043,747 shares of the stock traded hands, compared to its average volume of 2,392,607. The business’s 50-day moving average price is C$52.82 and its 200 day moving average price is C$55.05. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. The company has a market cap of C$31.50 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 12-month low of C$46.71 and a 12-month high of C$60.72.

Insider Activity at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows sold 18,106 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$55.43, for a total transaction of C$1,003,615.58. 0.05% of the stock is currently owned by corporate insiders.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.