UBS Group Issues Pessimistic Forecast for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target dropped by stock analysts at UBS Group from C$62.00 to C$57.00 in a report released on Wednesday,BayStreet.CA reports. UBS Group’s target price would indicate a potential upside of 5.65% from the stock’s previous close.

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

Pembina Pipeline Stock Performance

Shares of TSE:PPL opened at C$53.95 on Wednesday. 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 stock has a market capitalization of C$31.19 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The business’s fifty day moving average price is C$52.86 and its two-hundred day moving average price is C$55.08. Pembina Pipeline has a fifty-two week low of C$46.71 and a fifty-two week high of C$60.72.

Insider Activity at Pembina Pipeline

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