Pembina Pipeline Co. (TSE:PPL) Receives C$59.31 Average PT from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$59.31.

PPL has been the topic of a number of research analyst reports. UBS Group reduced their price objective on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. BMO Capital Markets dropped their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, TD Securities set a C$66.00 target price on shares of Pembina Pipeline and gave the company a “buy” rating in a research note on Wednesday, January 15th.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 18,106 shares of the firm’s 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. Also, Senior Officer Janet C. Loduca sold 5,338 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of C$55.46, for a total value of C$296,045.48. Corporate insiders own 0.05% of the company’s stock.

Pembina Pipeline Trading Down 0.6 %

TSE PPL opened at C$56.90 on Friday. Pembina Pipeline has a 12 month low of C$46.71 and a 12 month high of C$60.72. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The company has a market capitalization of C$32.89 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company’s fifty day moving average price is C$53.51 and its two-hundred day moving average price is C$55.25.

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.