Pembina Pipeline Reaches New 52-Week High at $36.27 (PBA)
Shares of Pembina Pipeline (NYSE:PBA) hit a new 52-week high during trading on Tuesday , American Banking and Market News reports. The stock traded as high as $36.27 and last traded at $36.16, with a volume of 129,962 shares. The stock had previously closed at $35.94.
A number of analysts have recently weighed in on PBA shares. Analysts at TheStreet upgraded shares of Pembina Pipeline to a “buy” rating in a research note on Wednesday, January 29th. Separately, analysts at Zacks upgraded shares of Pembina Pipeline from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 16th. They now have a $36.50 price target on the stock. Five research analysts have rated the stock with a buy rating, Pembina Pipeline has a consensus rating of “Buy” and a consensus target price of $39.25.
The stock’s 50-day moving average is $34.65 and its 200-day moving average is $32.85. The company has a market cap of $11.284 billion and a P/E ratio of 31.81.
The company also recently declared a feb 14 dividend, which is scheduled for Friday, March 14th. Stockholders of record on Tuesday, February 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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