Pembina Pipeline (TSE:PPL) Raised to "Buy" at Citigroup

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA was upgraded by research analysts at Citigroup from a "neutral" rating to a "buy" rating in a report issued on Monday, Marketbeat.com reports.

Several other analysts also recently commented on the company. Wells Fargo & Company downgraded Pembina Pipeline from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. TD Securities set a C$66.00 price objective on shares of Pembina Pipeline and gave the stock a "buy" rating in a report on Wednesday, January 15th. BMO Capital Markets lowered their target price on shares of Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Raymond James boosted their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. Finally, UBS Group dropped their target price on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Pembina Pipeline has a consensus rating of "Moderate Buy" and a consensus target price of C$59.31.

Pembina Pipeline Stock Up 1.4 %

TSE PPL traded up C$0.77 during mid-day trading on Monday, hitting C$56.35. The company's stock had a trading volume of 672,646 shares, compared to its average volume of 2,794,380. 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's 50 day simple moving average is C$53.09 and its 200 day simple moving average is C$55.15. Pembina Pipeline has a twelve month low of C$46.71 and a twelve month high of C$60.72. The firm has a market capitalization of C$32.58 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.58 and a beta of 1.48.

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Insider Buying and Selling at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows sold 18,106 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$55.43, for a total transaction of C$1,003,615.58. Also, Senior Officer Janet C. Loduca sold 5,338 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of C$55.46, for a total transaction of C$296,045.48. Insiders own 0.05% of the company's stock.

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.