Pembina Pipeline (TSE:PPL) Upgraded at National Bank Financial

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by equities research analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

PPL has been the subject of a number of other research reports. UBS Group cut their target price on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. National Bankshares upgraded Pembina Pipeline from a “sector perform” rating to an “outperform” rating and set a C$56.00 price objective for the company in a report on Thursday. Raymond James Financial upped their target price on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. Royal Bank Of Canada lowered their target price on Pembina Pipeline from C$65.00 to C$62.00 in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. reduced their price target on Pembina Pipeline from C$62.00 to C$59.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$59.29.

Pembina Pipeline Trading Up 2.6%

Shares of Pembina Pipeline stock opened at C$51.68 on Wednesday. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The business has a fifty day simple moving average of C$52.14 and a two-hundred day simple moving average of C$53.04. Pembina Pipeline has a 1 year low of C$48.35 and a 1 year high of C$60.72. The company has a market capitalization of C$29.88 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 1.58 and a beta of 1.48.

Insiders Place Their Bets

In other news, Director Henry William Sykes bought 1,100 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of C$53.61 per share, for a total transaction of C$58,971.00. Also, Director Andy Mah purchased 4,105 shares of the business’s stock in a transaction dated Wednesday, April 9th. The shares were purchased at an average cost of C$48.84 per share, with a total value of C$200,488.20. Corporate insiders own 0.05% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.