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

Citigroup cut shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on PPL. BMO Capital Markets raised their target price on Pembina Pipeline from C$60.00 to C$63.00 in a research report on Wednesday, April 8th. Jefferies Financial Group raised their target price on Pembina Pipeline from C$53.00 to C$57.00 in a research report on Wednesday, February 4th. National Bank Financial raised their target price on Pembina Pipeline from C$61.00 to C$63.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. TD Securities raised their target price on Pembina Pipeline from C$63.00 to C$65.00 and gave the company a “hold” rating in a research report on Wednesday, April 8th. Finally, Canadian Imperial Bank of Commerce raised their target price on Pembina Pipeline from C$64.00 to C$66.00 in a research report on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Pembina Pipeline has a consensus rating of “Hold” and an average price target of C$62.82.

Pembina Pipeline Stock Performance

TSE PPL opened at C$67.35 on Monday. The firm has a market capitalization of C$39.16 billion, a P/E ratio of 25.32, a PEG ratio of 1.58 and a beta of 0.42. The business has a fifty day simple moving average of C$61.57 and a 200 day simple moving average of C$57.23. Pembina Pipeline has a 12 month low of C$48.74 and a 12 month high of C$67.39. 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 released its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 EPS for the quarter. The business had revenue of C$2.11 billion during the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%. On average, analysts predict that Pembina Pipeline will post 3.439908 EPS for the current fiscal 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.