National Bankshares Upgrades Pembina Pipeline (TSE:PPL) to “Outperform”

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by research analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a C$56.00 target price on the stock. National Bankshares’ price objective would suggest a potential upside of 9.85% from the company’s current price.

PPL has been the subject of several other reports. Raymond James Financial upped their price objective on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price objective on Pembina Pipeline from C$62.00 to C$59.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Royal Bank Of Canada lowered their price objective on Pembina Pipeline from C$65.00 to C$62.00 in a research report on Monday, May 12th. Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Finally, UBS Group lowered their price objective on Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus target price of C$59.29.

Pembina Pipeline Trading Down 1.4%

PPL opened at C$50.98 on Thursday. The business has a fifty day moving average price of C$52.11 and a 200 day moving average price of C$53.01. The stock has a market capitalization of C$29.47 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 12 month low of C$48.35 and a 12 month high of C$60.72. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50.

Insider Activity at Pembina Pipeline

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

About Pembina Pipeline

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.