UBS Group Has Lowered Expectations for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective decreased by stock analysts at UBS Group from C$62.00 to C$57.00 in a research note issued on Wednesday,BayStreet.CA reports. UBS Group’s price objective suggests a potential upside of 5.65% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company lowered Pembina Pipeline from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Raymond James lifted their price target on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday. TD Securities set a C$66.00 price target on Pembina Pipeline and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Barclays set a C$63.00 price target on Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets dropped their price target on Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$59.31.

Pembina Pipeline Stock Down 0.2 %

PPL opened at C$53.95 on Wednesday. The business has a 50 day moving average price of C$52.86 and a 200 day moving average price of C$55.08. Pembina Pipeline has a twelve month low of C$46.71 and a twelve month high of C$60.72. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The firm has a market cap of C$31.19 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Insider Activity

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 18,106 shares of the company’s stock in a transaction 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. 0.05% of the stock is currently owned by company insiders.

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.