A number of other equities research analysts have also recently commented on PBA. Zacks Investment Research raised Pembina Pipeline Corp. from a sell rating to a hold rating in a research note on Friday, June 24th. TD Securities reissued a buy rating and issued a $44.00 target price (up from $41.00) on shares of Pembina Pipeline Corp. in a research note on Wednesday, August 10th. GMP Securities reissued a buy rating on shares of Pembina Pipeline Corp. in a research note on Monday, June 27th. Scotiabank reissued an outperform rating and issued a $44.00 target price on shares of Pembina Pipeline Corp. in a research note on Wednesday, August 10th. Finally, National Bank Financial cut Pembina Pipeline Corp. from an outperform rating to a sector perform rating in a research note on Monday, July 18th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $41.75.
Shares of Pembina Pipeline Corp. (NYSE:PBA) traded down 0.03% during midday trading on Thursday, reaching $30.60. The company had a trading volume of 49,215 shares. Pembina Pipeline Corp. has a 1-year low of $17.88 and a 1-year high of $32.31. The stock has a market capitalization of $12.00 billion, a PE ratio of 37.41 and a beta of 0.68. The company’s 50-day moving average is $30.24 and its 200-day moving average is $29.59.
Pembina Pipeline Corp. (NYSE:PBA) last released its earnings results on Thursday, August 4th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. Pembina Pipeline Corp. had a return on equity of 7.13% and a net margin of 10.63%. The company earned $1.03 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company posted $0.09 earnings per share. The company’s revenue was down 15.3% on a year-over-year basis. On average, equities research analysts forecast that Pembina Pipeline Corp. will post $0.89 EPS for the current year.
The business also recently declared a oct 16 dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, October 25th will be given a $0.16 dividend. This represents a yield of 4.78%. The ex-dividend date of this dividend is Friday, October 21st. Pembina Pipeline Corp.’s payout ratio is 179.27%.
Hedge funds have recently modified their holdings of the company. Winslow Evans & Crocker Inc. bought a new stake in shares of Pembina Pipeline Corp. during the second quarter worth approximately $137,000. Linscomb & Williams Inc. bought a new stake in shares of Pembina Pipeline Corp. during the second quarter worth approximately $209,000. Capital Fund Management S.A. bought a new stake in shares of Pembina Pipeline Corp. during the second quarter worth approximately $215,000. Advisor Group Inc. bought a new stake in shares of Pembina Pipeline Corp. during the second quarter worth approximately $235,000. Finally, IFP Advisors Inc boosted 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 worth $241,000 after buying an additional 804 shares during the last quarter. Institutional investors and hedge funds 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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