Pembina Pipeline (TSE:PPL) Stock Rating Lowered by Wells Fargo & Company

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA was downgraded by equities research analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating in a research note issued to investors on Wednesday,BayStreet.CA reports. They presently have a C$57.00 target price on the stock, down from their prior target price of C$63.00. Wells Fargo & Company's target price would suggest a potential upside of 10.02% from the company's previous close.

A number of other research firms have also weighed in on PPL. Barclays set a C$63.00 target price on Pembina Pipeline and gave the stock an "overweight" rating in a report on Thursday, December 12th. BMO Capital Markets dropped their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. National Bankshares raised their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a "sector perform" rating in a research note on Friday, August 23rd. Citigroup upped their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Finally, UBS Group upgraded shares of Pembina Pipeline to a "hold" rating in a research report on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$58.67.

Pembina Pipeline Stock Performance

PPL stock traded down C$1.19 during trading hours on Wednesday, reaching C$51.81. The stock had a trading volume of 6,792,240 shares, compared to its average volume of 2,801,793. The stock has a market capitalization of C$30.06 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The stock has a 50-day simple moving average of C$57.72 and a 200 day simple moving average of C$54.51. Pembina Pipeline has a fifty-two week low of C$44.25 and a fifty-two week high of C$60.72. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last issued its earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.79 by C($0.19). The firm had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. Analysts predict that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

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.