National Bankshares Upgrades Pembina Pipeline (TSE:PPL) to Outperform

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA was upgraded by investment analysts at National Bankshares from a "sector perform" rating to an "outperform" rating in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a C$56.00 price objective on the stock. National Bankshares' price target points to a potential upside of 8.32% from the stock's previous close.

PPL has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their price objective on Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. UBS Group cut their price objective on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Raymond James Financial boosted their target price on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. Finally, Royal Bank Of Canada lowered their price target on Pembina Pipeline from C$65.00 to C$62.00 in a report on Monday, May 12th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$59.29.

Pembina Pipeline Stock Performance

TSE PPL traded up C$1.33 during trading on Thursday, hitting C$51.70. 1,464,383 shares of the company's stock traded hands, compared to its average volume of 3,460,035. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The stock has a market capitalization of C$29.89 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 12-month low of C$48.35 and a 12-month high of C$60.72. The business has a 50 day moving average of C$52.16 and a 200-day moving average of C$53.06.

Insiders Place Their Bets

In related news, Director Henry William Sykes bought 1,100 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average cost of C$53.61 per share, for a total transaction of C$58,971.00. Also, Director Andy Mah purchased 4,105 shares of the firm's stock in a transaction on Wednesday, April 9th. The stock was bought at an average cost of C$48.84 per share, for a total transaction of C$200,488.20. 0.05% of the stock is owned by insiders.

Pembina Pipeline Company Profile

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms' assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.

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