Pembina Pipeline Co. (TSE:PPL) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA have received an average rating of "Moderate Buy" from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$59.31.

Several brokerages recently issued reports on PPL. TD Securities set a C$66.00 price target on shares of Pembina Pipeline and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Raymond James increased their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday, March 3rd. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the company an "overweight" rating in a report on Thursday, December 12th. BMO Capital Markets reduced their price objective on Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Finally, Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th.

Insiders Place Their Bets

In other news, Senior Officer J. Scott Burrows purchased 12,087 shares of the company's stock in a transaction on Friday, March 14th. The shares were purchased at an average price of C$54.05 per share, with a total value of C$653,302.35. Also, Senior Officer Janet C. Loduca sold 5,338 shares of the company's 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. Corporate insiders own 0.05% of the company's stock.

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Pembina Pipeline Price Performance

Pembina Pipeline stock traded up C$0.62 on Friday, reaching C$57.52. The company's stock had a trading volume of 3,693,971 shares, compared to its average volume of 3,175,904. The business's fifty day moving average price is C$53.51 and its 200 day moving average price is C$55.25. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The company has a market cap of C$33.25 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a twelve month low of C$46.71 and a twelve month high of C$60.72.

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.