Pembina Pipeline (TSE:PPL) Upgraded by Wells Fargo & Company to Strong-Buy Rating

Wells Fargo & Company upgraded shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) from a strong sell rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

PPL has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce raised their price objective on Pembina Pipeline from C$72.00 to C$73.00 and gave the company an “outperformer” rating in a research report on Friday, July 3rd. TD Securities upgraded Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. ATB Cormark Capital Markets lifted their price objective on Pembina Pipeline from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Friday, July 3rd. National Bank Financial boosted their price target on shares of Pembina Pipeline from C$63.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Pembina Pipeline from C$64.00 to C$67.00 in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average price target of C$66.57.

Pembina Pipeline Stock Up 4.4%

TSE PPL opened at C$70.26 on Monday. Pembina Pipeline has a 12 month low of C$48.74 and a 12 month high of C$70.36. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 82.35. The stock has a market cap of C$40.85 billion, a PE ratio of 26.41, a P/E/G ratio of 1.58 and a beta of 0.27. The stock’s 50 day moving average is C$66.38 and its 200 day moving average is C$61.08.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. The firm had revenue of C$2.11 billion for the quarter. Research analysts predict 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.