Wells Fargo & Company Downgrades Pembina Pipeline (TSE:PPL) to Equal Weight

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a report issued on Wednesday,BayStreet.CA reports. They currently have a C$57.00 target price on the stock, down from their previous target price of C$63.00. Wells Fargo & Company‘s price target indicates a potential upside of 9.83% from the stock’s current price.

PPL has been the topic of a number of other research reports. Barclays set a C$63.00 price objective on Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday, December 12th. National Bankshares increased their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Citigroup boosted their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada lifted their price target on Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and an average price target of C$58.67.

Pembina Pipeline Trading Up 0.2 %

Shares of Pembina Pipeline stock opened at C$51.90 on Wednesday. Pembina Pipeline has a fifty-two week low of C$44.56 and a fifty-two week high of C$60.72. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. The firm has a market capitalization of C$30.11 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.58 and a beta of 1.48. The stock has a 50 day moving average of C$57.48 and a 200 day moving average of C$54.54.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts predict that Pembina Pipeline will post 3.439908 earnings per share for the current year.

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.