Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) was upgraded by stock analysts at AltaCorp Capital from a “sector perform” rating to an “outperform” rating in a research note issued on Wednesday.

Several other equities research analysts have also recently weighed in on the stock. TD Securities raised their price target on shares of Pembina Pipeline Corp from C$50.00 to C$51.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Royal Bank Of Canada raised their price target on shares of Pembina Pipeline Corp from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Raymond James Financial, Inc. reduced their price target on shares of Pembina Pipeline Corp from C$50.00 to C$49.00 and set an “outperform” rating for the company in a report on Tuesday, May 2nd. National Bank Financial raised shares of Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 2nd. Finally, Desjardins raised their price objective on shares of Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Nine analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of C$48.56.

Pembina Pipeline Corp (TSE PPL) opened at 43.42 on Wednesday. The company has a market capitalization of $17.41 billion and a price-to-earnings ratio of 34.16. The stock’s 50 day moving average price is $43.20 and its 200 day moving average price is $42.81. Pembina Pipeline Corp has a 12-month low of $37.21 and a 12-month high of $44.65.

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In related news, Director Bruce D. Rubin acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was acquired at an average price of C$43.65 per share, for a total transaction of C$218,250.00. Also, Director Jeffrey T. Smith acquired 1,030 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were bought at an average price of C$43.59 per share, with a total value of C$44,897.70. Insiders have purchased 7,285 shares of company stock worth $317,253 over the last three months.

About Pembina Pipeline Corp

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

Analyst Recommendations for Pembina Pipeline Corp (TSE:PPL)

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