Pembina Pipeline Corp Hits New 1-Year High at $42.84 (PBA)
Pembina Pipeline Corp (NYSE:PBA)’s share price hit a new 52-week high during trading on Thursday , StockRatingsNetwork reports. The company traded as high as $42.84 and last traded at $42.70, with a volume of 67,900 shares changing hands. The stock had previously closed at $42.52.
A number of research firms have recently commented on PBA. Analysts at FirstEnergy Capital raised their price target on shares of Pembina Pipeline Corp from $46.00 to $48.00 in a research note on Tuesday, May 13th. Separately, analysts at Canaccord Genuity upgraded shares of Pembina Pipeline Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Finally, analysts at Zacks upgraded shares of Pembina Pipeline Corp from a “neutral” rating to an “outperform” rating in a research note on Monday, May 12th. They now have a $42.50 price target on the stock. Six investment analysts have rated the stock with a buy rating, Pembina Pipeline Corp has an average rating of “Buy” and an average target price of $44.17.
The stock’s 50-day moving average is $41.0 and its 200-day moving average is $37.16. The company has a market cap of $13.782 billion and a price-to-earnings ratio of 37.10.
Pembina Pipeline Corp (NYSE:PBA) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.06. Analysts expect that Pembina Pipeline Corp will post $1.39 EPS for the current fiscal year.
The company also recently declared a jun 14 dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Wednesday, June 25th will be given a dividend of $0.145 per share.
Pembina Pipeline Corporation (NYSE:PBA) is a Calgary-based company, engaged in providing transportation and midstream services.
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