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

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

A number of other research analysts also recently issued reports on PPL. Canadian Imperial Bank of Commerce boosted their price objective on Pembina Pipeline from C$64.00 to C$66.00 in a research note on Wednesday, April 8th. ATB Cormark Capital Markets boosted their price objective on Pembina Pipeline from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Barclays boosted their price objective on Pembina Pipeline from C$62.00 to C$63.00 in a research note on Wednesday, April 8th. National Bank Financial boosted their price objective on Pembina Pipeline from C$61.00 to C$63.00 and gave the company an “outperform” rating in a research note 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 company an “outperform” rating in a research note on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$62.82.

Pembina Pipeline Price Performance

Shares of PPL opened at C$67.35 on Monday. The company has a market capitalization of C$39.16 billion, a PE ratio of 25.32, a PEG ratio of 1.58 and a beta of 0.42. Pembina Pipeline has a 12 month low of C$48.74 and a 12 month high of C$67.39. The stock’s 50-day moving average price is C$61.57 and its two-hundred day moving average price is C$57.23. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 82.35.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data 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%. On average, analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current year.

Pembina Pipeline Company Profile

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.