Citigroup Upgrades Pembina Pipeline (NYSE:PBA) to “Buy”

Pembina Pipeline (NYSE:PBA) (TSE:PPL) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a report released on Monday,Briefing.com Automated Import reports.

Several other research firms also recently commented on PBA. Barclays started coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating for the company. TD Securities initiated coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.50.

Pembina Pipeline Trading Up 0.3 %

Pembina Pipeline stock opened at $37.83 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The firm’s 50 day moving average price is $36.84 and its 200-day moving average price is $39.38. Pembina Pipeline has a 1 year low of $33.83 and a 1 year high of $43.44. The stock has a market cap of $21.97 billion, a P/E ratio of 15.63 and a beta of 1.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Safe Harbor Fiduciary LLC bought a new stake in shares of Pembina Pipeline in the 3rd quarter worth about $26,000. Prospera Private Wealth LLC purchased a new position in shares of Pembina Pipeline during the third quarter valued at approximately $26,000. Dunhill Financial LLC bought a new position in shares of Pembina Pipeline during the third quarter valued at approximately $28,000. Versant Capital Management Inc purchased a new stake in shares of Pembina Pipeline in the fourth quarter worth approximately $27,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Pembina Pipeline during the 4th quarter worth approximately $27,000. 55.37% of the stock is owned by hedge funds and other institutional investors.

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.