Pembina Pipeline Corp. (NYSE:PBA) has been given a consensus recommendation of “Buy” by the fifteen analysts that are presently covering the firm. Three analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $43.00.
PBA has been the subject of a number of research reports. Zacks Investment Research cut Pembina Pipeline Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 10th. TD Securities reissued a “buy” rating and issued a $44.00 price objective (up previously from $41.00) on shares of Pembina Pipeline Corp. in a research note on Wednesday, August 10th. Canaccord Genuity restated a “buy” rating on shares of Pembina Pipeline Corp. in a report on Thursday, September 8th. Credit Suisse Group AG lowered Pembina Pipeline Corp. from an “outperform” rating to a “neutral” rating in a report on Monday, June 20th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $45.00 target price (up previously from $42.00) on shares of Pembina Pipeline Corp. in a report on Wednesday, August 10th.
Pembina Pipeline Corp. (NYSE:PBA) opened at 30.27 on Friday. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 36.96 and a beta of 0.68. Pembina Pipeline Corp. has a one year low of $17.88 and a one year high of $32.31. The firm has a 50-day moving average price of $30.30 and a 200-day moving average price of $29.19.
Pembina Pipeline Corp. (NYSE:PBA) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05. Pembina Pipeline Corp. had a net margin of 10.63% and a return on equity of 7.13%. The firm earned $1.03 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $0.09 EPS. The company’s revenue was down 15.3% on a year-over-year basis. Analysts expect that Pembina Pipeline Corp. will post $0.87 EPS for the current year.
The company also recently announced a sep 16 dividend, which will be paid on Saturday, October 15th. Shareholders of record on Sunday, September 25th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a dividend yield of 4.93%. Pembina Pipeline Corp.’s payout ratio is presently 179.27%.
Several hedge funds have recently modified their holdings of PBA. Winslow Evans & Crocker Inc. purchased a new stake in shares of Pembina Pipeline Corp. during the second quarter valued at about $137,000. Linscomb & Williams Inc. purchased a new stake in shares of Pembina Pipeline Corp. during the second quarter valued at about $209,000. Capital Fund Management S.A. purchased a new stake in shares of Pembina Pipeline Corp. during the second quarter valued at about $215,000. Advisor Group Inc. purchased a new stake in shares of Pembina Pipeline Corp. during the second quarter valued at about $235,000. Finally, IFP Advisors Inc raised its stake in shares of Pembina Pipeline Corp. by 11.3% in the second quarter. IFP Advisors Inc now owns 7,946 shares of the company’s stock valued at $241,000 after buying an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 46.58% of the company’s stock.
Pembina Pipeline Corp. Company Profile
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. 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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