Pembina Pipeline (TSE:PPL) Downgraded to “Sector Perform” Rating by Scotiabank

Scotiabank cut shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) from a sector outperform rating to a sector perform rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have C$73.00 target price on the stock, up from their previous target price of C$69.00.

PPL has been the topic of a number of other reports. ATB Cormark Capital Markets lifted their target price on Pembina Pipeline from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a report on Friday, July 3rd. Barclays upped their price target on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. National Bank Financial raised their price objective on shares of Pembina Pipeline from C$63.00 to C$71.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Citigroup cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and lifted their price objective for the stock from C$63.00 to C$70.00 in a research note on Monday, May 18th. Finally, TD raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$65.00 to C$75.00 in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$67.00.

Pembina Pipeline Stock Performance

Shares of TSE PPL opened at C$71.08 on Tuesday. The stock has a fifty day moving average price of C$67.40 and a two-hundred day moving average price of C$61.89. The company has a debt-to-equity ratio of 82.35, a quick ratio of 0.50 and a current ratio of 0.83. The firm has a market cap of C$41.33 billion, a P/E ratio of 26.72, a PEG ratio of 1.58 and a beta of 0.27. Pembina Pipeline has a 1 year low of C$48.74 and a 1 year high of C$72.38.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%.The company had revenue of C$2.11 billion for the quarter. Research analysts forecast that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

About Pembina Pipeline

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.