Wells Fargo & Company Upgrades Pembina Pipeline (TSE:PPL) to Strong-Buy

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by research analysts at Wells Fargo & Company from a “strong sell” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. National Bank Financial boosted their price objective on shares of Pembina Pipeline from C$63.00 to C$71.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Citigroup cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating and raised their target price for the stock from C$63.00 to C$70.00 in a report on Monday, May 18th. TD Securities upgraded Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. BMO Capital Markets boosted their price target on Pembina Pipeline from C$60.00 to C$63.00 in a report on Wednesday, April 8th. Finally, Barclays boosted their price target on Pembina Pipeline from C$63.00 to C$69.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued 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 Performance

PPL opened at C$70.26 on Monday. The company’s 50 day moving average is C$66.38 and its 200 day moving average is C$61.08. 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 company has a market cap of C$40.85 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 1.58 and a beta of 0.27. Pembina Pipeline has a 12-month low of C$48.74 and a 12-month high of C$70.36.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, May 7th. The company reported C$0.81 EPS for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. The business had revenue of C$2.11 billion during the quarter. On average, equities research analysts predict that Pembina Pipeline will post 3.439908 EPS for the current 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.