Pembina Pipeline Co. (NYSE:PBA) Receives $56.50 Average Target Price from Analysts

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $56.50.

Several brokerages have recently weighed in on PBA. TD Securities started coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Barclays assumed coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating for the company.

Pembina Pipeline Stock Down 0.0 %

Pembina Pipeline stock opened at $36.66 on Friday. The stock has a 50 day moving average of $37.28 and a two-hundred day moving average of $39.57. Pembina Pipeline has a twelve month low of $32.81 and a twelve month high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 15.15 and a beta of 1.25.

Hedge Funds Weigh In On Pembina Pipeline

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Godsey & Gibb Inc. purchased a new stake in shares of Pembina Pipeline during the third quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new position in Pembina Pipeline during the third quarter worth approximately $26,000. Prospera Private Wealth LLC purchased a new position in Pembina Pipeline during the third quarter worth approximately $26,000. Dunhill Financial LLC purchased a new position in Pembina Pipeline during the third quarter worth approximately $28,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Pembina Pipeline during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 55.37% 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.