Pembina Pipeline (TSE:PPL) Downgraded by Wells Fargo & Company to “Equal Weight”

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was downgraded by research analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have a C$57.00 price target on the stock, down from their previous price target of C$63.00. Wells Fargo & Company‘s target price would suggest a potential upside of 8.72% from the company’s previous close.

PPL has been the topic of several other research reports. JPMorgan Chase & Co. raised their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. National Bankshares boosted their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. BMO Capital Markets cut their target price on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th. Royal Bank of Canada raised their price target on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Raymond James decreased their price target on shares of Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus price target of C$58.67.

Pembina Pipeline Trading Down 1.1 %

Shares of TSE PPL traded down C$0.57 during trading on Wednesday, reaching C$52.43. The stock had a trading volume of 2,736,503 shares, compared to its average volume of 2,785,055. Pembina Pipeline has a fifty-two week low of C$44.25 and a fifty-two week high of C$60.72. The company has a market cap of C$30.42 billion, a P/E ratio of 16.08, a PEG ratio of 1.58 and a beta of 1.48. 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 business’s 50-day moving average price is C$57.72 and its 200-day moving average price is C$54.51.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). The firm had revenue of C$1.84 billion during the quarter, compared to analysts’ expectations of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. On average, equities research analysts predict that Pembina Pipeline will post 3.439908 EPS for the current fiscal 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.