After Today’s Huge Decline, Is Pembina Pipeline Corp’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Pembina Pipeline Corp's Near Term Analysis Negative?

The stock of Pembina Pipeline Corp (TSE:PPL) is a huge mover today! About 1.28 million shares traded hands or 82.88% up from the average. Pembina Pipeline Corp (TSE:PPL) has risen 22.03% since March 29, 2016 and is uptrending. It has outperformed by 19.50% the S&P500.
The move comes after 6 months negative chart setup for the $14.86 billion company. It was reported on Nov, 2 by Barchart.com. We have $35.91 PT which if reached, will make TSE:PPL worth $1.34B less.

Pembina Pipeline Corp (TSE:PPL) Ratings Coverage

Out of 4 analysts covering Pembina Pipeline Corporation (TSE:PPL), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Pembina Pipeline Corporation has been the topic of 23 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 7 by Scotia Capital. The stock of Pembina Pipeline Corp (TSE:PPL) earned “Outperform” rating by National Bank Canada on Friday, November 20. The rating was maintained by TD Securities on Monday, August 10 with “Buy”. The rating was maintained by IBC with “Outperform” on Tuesday, August 11. The firm has “Sector Outperform” rating given on Saturday, August 8 by Scotia Capital. The firm earned “Outperform” rating on Thursday, February 4 by BMO Capital Markets. Raymond James maintained Pembina Pipeline Corp (TSE:PPL) rating on Monday, June 6. Raymond James has “” rating and $43 price target. GMP Securities initiated the stock with “Buy” rating in Monday, June 27 report. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 10. The firm has “Outperform” rating given on Friday, November 20 by RBC Capital Markets.

More notable recent Pembina Pipeline Corp (TSE:PPL) news were published by: Fool.ca which released: “Did Pembina Pipeline Corp. Deserve to Rise 40%?” on September 22, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Fastenal, Pembina Pipeline and Lakeland Financial” published on October 19, 2016, Fool.ca published: “The Case to Buy Pembina Pipeline Corp. Today” on March 29, 2016. More interesting news about Pembina Pipeline Corp (TSE:PPL) were released by: Forbes.com and their article: “Ex-Div Reminder for Pembina Pipeline (PPL)” published on July 19, 2016 as well as Fool.ca‘s news article titled: “Does Pembina Pipeline Corp. or Inter Pipeline Ltd. Have the Better Dividend?” with publication date: March 11, 2016.

Pembina Pipeline Corporation is a transportation and midstream service provider. The company has a market cap of $14.86 billion. The Firm operates through four divisions: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. It has a 35.67 P/E ratio. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.

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