Pembina Pipeline (TSE:PPL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price upped by investment analysts at Wells Fargo & Company from C$61.00 to C$63.00 in a report issued on Wednesday,BayStreet.CA reports. Wells Fargo & Company‘s price objective would indicate a potential upside of 7.22% from the stock’s current price.

A number of other research firms have also recently weighed in on PPL. Citigroup upped their price target on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. BMO Capital Markets raised their price target on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Thursday, September 5th. JPMorgan Chase & Co. boosted their price objective on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. Finally, ATB Capital lifted their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline has an average rating of “Moderate Buy” and a consensus target price of C$58.86.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at C$58.76 on Wednesday. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. Pembina Pipeline has a one year low of C$43.37 and a one year high of C$59.86. The company has a market cap of C$34.09 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The business has a fifty day moving average of C$57.12 and a two-hundred day moving average of C$53.34.

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

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. Also, Senior Officer J. Scott Burrows sold 3,926 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. 0.05% of the stock is currently owned by 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.