Pembina Pipeline (TSE:PPL – Get Rating) (NYSE:PBA) had its price objective dropped by research analysts at Wells Fargo & Company from C$51.00 to C$48.00 in a report released on Friday, BayStreet.CA reports. Wells Fargo & Company‘s price target would suggest a potential downside of 3.90% from the stock’s current price.
Other equities analysts have also recently issued research reports about the company. CSFB raised their target price on Pembina Pipeline from C$47.00 to C$56.00 in a report on Monday, April 11th. JPMorgan Chase & Co. raised their target price on Pembina Pipeline from C$48.00 to C$51.00 in a report on Wednesday, April 27th. TD Securities raised their target price on Pembina Pipeline from C$50.00 to C$54.00 and gave the stock a “buy” rating in a report on Monday, May 9th. CIBC raised their target price on Pembina Pipeline from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a report on Friday, May 6th. Finally, Raymond James raised their target price on Pembina Pipeline from C$49.50 to C$50.00 and gave the stock a “market perform” rating in a report on Friday, May 6th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline has an average rating of “Buy” and a consensus target price of C$50.11.
Pembina Pipeline stock traded down C$0.40 during mid-day trading on Friday, hitting C$49.95. The stock had a trading volume of 732,480 shares, compared to its average volume of 2,698,827. The stock has a 50-day simple moving average of C$48.36 and a two-hundred day simple moving average of C$43.31. The stock has a market capitalization of C$27.69 billion and a PE ratio of 25.14. Pembina Pipeline has a 12 month low of C$37.02 and a 12 month high of C$51.45. The company has a current ratio of 0.52, a quick ratio of 0.34 and a debt-to-equity ratio of 83.28.
In related news, Senior Officer Jaret Sprott sold 2,128 shares of the business’s stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of C$46.21, for a total transaction of C$98,325.52. Following the transaction, the insider now directly owns 15,158 shares of the company’s stock, valued at approximately C$700,384.48. Also, Senior Officer J. Scott Burrows sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of C$50.48, for a total value of C$757,216.50. Following the transaction, the insider now directly owns 11,000 shares in the company, valued at C$555,292.10. Insiders have sold a total of 25,341 shares of company stock worth $1,247,832 in the last ninety days.
Pembina Pipeline Company Profile (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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