Pembina Pipeline Co. (NYSE:PBA) Receives $56.50 Consensus Price Target from Analysts

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have earned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $56.50.

Several equities analysts recently issued reports on the company. Barclays assumed coverage on Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating on the stock. TD Securities started coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Pembina Pipeline Stock Down 1.9 %

NYSE:PBA opened at $36.20 on Friday. Pembina Pipeline has a 52 week low of $33.36 and a 52 week high of $43.44. The stock’s fifty day moving average is $37.00 and its two-hundred day moving average is $39.51. The stock has a market capitalization of $21.01 billion, a price-to-earnings ratio of 14.96 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new stake in shares of Pembina Pipeline during the 3rd quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new stake in Pembina Pipeline during the 3rd quarter worth about $26,000. Prospera Private Wealth LLC acquired a new position in shares of Pembina Pipeline during the 3rd quarter worth about $26,000. Dunhill Financial LLC purchased a new position in shares of Pembina Pipeline in the 3rd quarter valued at about $28,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Pembina Pipeline during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

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.