Pembina Pipeline (TSE:PPL) Upgraded at Citigroup

Citigroup upgraded shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) from a neutral rating to a buy rating in a report released on Monday morning, MarketBeat Ratings reports.

Several other equities analysts also recently weighed in on the stock. UBS Group cut their price target on shares of Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday, March 5th. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the stock an “overweight” rating in a report on Thursday, December 12th. Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. BMO Capital Markets dropped their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th. Finally, TD Securities set a C$66.00 price objective on shares of Pembina Pipeline and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$59.31.

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$55.72 on Monday. Pembina Pipeline has a twelve month low of C$46.71 and a twelve month high of C$60.72. The company’s 50 day moving average is C$53.04 and its 200 day moving average is C$55.14. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. The company has a market cap of C$32.21 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Insider Buying and Selling

In other Pembina Pipeline news, Senior Officer Janet C. Loduca sold 5,338 shares of Pembina Pipeline stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$55.46, for a total value of C$296,045.48. Also, Senior Officer J. Scott Burrows sold 18,106 shares of Pembina Pipeline stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$55.43, for a total value of C$1,003,615.58. Corporate insiders own 0.05% of the company’s stock.

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.