Pembina Pipeline (TSE:PPL – Get Rating) (NYSE:PBA) had its price objective raised by research analysts at JPMorgan Chase & Co. from C$48.00 to C$51.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 5.90% from the company’s current price.
Several other research firms also recently commented on PPL. National Bankshares lifted their price target on shares of Pembina Pipeline from C$42.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Monday, February 28th. Raymond James lifted their target price on shares of Pembina Pipeline from C$45.50 to C$49.50 and gave the stock a “market perform” rating in a research report on Tuesday, April 19th. CIBC upped their price target on shares of Pembina Pipeline from C$48.00 to C$53.00 in a research report on Thursday, April 21st. Canaccord Genuity Group raised their price objective on Pembina Pipeline from C$47.00 to C$49.00 in a research note on Wednesday, March 2nd. Finally, Wells Fargo & Company boosted their target price on Pembina Pipeline to C$45.00 and gave the company an “equal weight” rating in a research note on Thursday, March 24th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$47.97.
PPL traded up C$0.25 during trading on Wednesday, reaching C$48.16. The stock had a trading volume of 556,193 shares, compared to its average volume of 2,560,453. The business has a 50-day moving average of C$46.64 and a 200-day moving average of C$42.35. Pembina Pipeline has a one year low of C$37.02 and a one year high of C$51.45. The company has a debt-to-equity ratio of 83.28, a quick ratio of 0.34 and a current ratio of 0.52. The stock has a market cap of C$26.51 billion and a PE ratio of 24.17.
In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 1,223 shares of the company’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of C$46.13, for a total value of C$56,422.62. Following the sale, the insider now owns 10,000 shares in the company, valued at C$461,346. Also, Senior Officer Jaret Sprott sold 2,128 shares of Pembina Pipeline stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of C$46.21, for a total transaction of C$98,325.52. Following the transaction, the insider now owns 15,158 shares of the company’s stock, valued at C$700,384.48. Insiders sold a total of 7,616 shares of company stock valued at $353,739 in the last three months.
About Pembina Pipeline (Get Rating)
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.
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