Pembina Pipeline (TSE:PPL) Downgraded by Citigroup to “Hold”

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was downgraded by analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on PPL. Barclays boosted their price objective on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Wednesday, April 8th. TD Securities boosted their price objective on Pembina Pipeline from C$63.00 to C$65.00 and gave the stock a “hold” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. boosted their price objective on Pembina Pipeline from C$64.00 to C$67.00 in a research report on Friday. Canadian Imperial Bank of Commerce boosted their price objective on Pembina Pipeline from C$64.00 to C$66.00 in a research report on Wednesday, April 8th. Finally, Royal Bank Of Canada boosted their price objective on Pembina Pipeline from C$62.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Pembina Pipeline presently has an average rating of “Hold” and an average price target of C$62.82.

Pembina Pipeline Stock Performance

Shares of PPL opened at C$67.35 on Monday. Pembina Pipeline has a 52-week low of C$48.74 and a 52-week high of C$67.39. The business’s fifty day moving average is C$61.57 and its 200-day moving average is C$57.23. The company has a debt-to-equity ratio of 82.35, a quick ratio of 0.50 and a current ratio of 0.83. The firm has a market cap of C$39.16 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.58 and a beta of 0.42.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. The company had revenue of C$2.11 billion for the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%. Equities analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

About Pembina Pipeline

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.