Pembina Pipeline (TSE:PPL) Stock Rating Upgraded by Citigroup

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Monday,BayStreet.CA reports.

PPL has been the subject of several other research reports. UBS Group decreased their price target on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. BMO Capital Markets cut their target price on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the company an “overweight” rating in a research report on Thursday, December 12th. Raymond James upped their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus price target of C$59.31.

Pembina Pipeline Stock Performance

Shares of TSE:PPL traded up C$0.80 on Monday, hitting C$55.19. 5,544,008 shares of the company were exchanged, compared to its average volume of 2,628,766. The firm has a market capitalization of C$31.90 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The stock’s 50 day moving average price is C$52.89 and its 200 day moving average price is C$55.09. Pembina Pipeline has a 1-year low of C$46.71 and a 1-year high of C$60.72. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 18,106 shares of the company’s stock in a transaction that occurred on 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 owned by insiders.

Pembina Pipeline Company Profile

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.