Pembina Pipeline (TSE:PPL) Reaches New 52-Week Low - Here's What Happened

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA shares hit a new 52-week low on Monday . The company traded as low as C$0.01 and last traded at C$56.07, with a volume of 581879 shares trading hands. The stock had previously closed at C$56.24.

Wall Street Analysts Forecast Growth

PPL has been the subject of a number of research reports. TD Securities set a C$66.00 price target on shares of Pembina Pipeline and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Wells Fargo & Company lowered shares of Pembina Pipeline from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. BMO Capital Markets lowered their price target on Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. UBS Group cut their price objective on Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday. Finally, Barclays set a C$63.00 price objective on Pembina Pipeline and gave the company an "overweight" rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$59.31.

Pembina Pipeline Stock Performance

The business has a fifty day moving average of C$52.84 and a 200 day moving average of C$55.07. The company has a market cap of C$31.19 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.58 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68.

Insider Transactions at Pembina Pipeline

In other news, Senior Officer J. Scott Burrows sold 18,106 shares of the stock in a transaction that occurred on 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. 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.