Pembina Pipeline Rating Increased to Buy at TheStreet (PBA)
Pembina Pipeline (NYSE:PBA) was upgraded by equities research analysts at TheStreet to a “buy” rating in a research note issued to investors on Wednesday, American Banking News.com reports.
PBA has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Pembina Pipeline from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 16th. They now have a $36.50 price target on the stock. Separately, analysts at TD Securities upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, December 17th. Finally, analysts at RBC Capital raised their price target on shares of Pembina Pipeline from $40.00 to $42.00 in a research note to investors on Tuesday, December 17th. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $39.25.
Shares of Pembina Pipeline (NYSE:PBA) traded down 0.92% on Wednesday, hitting $33.8965. 69,986 shares of the company’s stock traded hands. Pembina Pipeline has a 52 week low of $27.75 and a 52 week high of $35.36. The stock’s 50-day moving average is $34.15 and its 200-day moving average is $32.48. The company has a market cap of $10.610 billion and a P/E ratio of 30.27.
The company also recently declared a jan 14 dividend, which is scheduled for Friday, February 14th. Stockholders of record on Saturday, January 25th will be given a dividend of 0.14 per share.
Pembina Pipeline is a Canadian corporation that operates transportation and storage infrastructure delivering oil and natural gas to and from parts of Western Canada.
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