Pembina Pipeline (TSE:PPL) Trading Up 6.1% - Here's Why

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA shares rose 6.1% on Friday . The stock traded as high as C$55.71 and last traded at C$55.71. Approximately 1,046,080 shares were traded during trading, a decline of 51% from the average daily volume of 2,116,095 shares. The stock had previously closed at C$52.51.

Analysts Set New Price Targets

PPL has been the subject of several recent analyst reports. Raymond James upped their price objective on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday. TD Securities set a C$66.00 price objective on shares of Pembina Pipeline and gave the stock a "buy" rating in a research report on Wednesday, January 15th. BMO Capital Markets cut their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the stock an "overweight" rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. 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, Pembina Pipeline presently has a consensus rating of "Moderate Buy" and a consensus target price of C$59.47.

Pembina Pipeline Price Performance

The company has a 50 day moving average price of C$52.82 and a 200-day moving average price of C$55.05. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. The company has a market cap of C$32.02 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.58 and a beta of 1.48.

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 18,106 shares of the 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. 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.