Pembina Pipeline Corp. (PBA) Receives Consensus Recommendation of “Buy” from Analysts
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $45.00.
PBA has been the subject of several analyst reports. Zacks Investment Research cut shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. National Bank Financial raised shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 2nd. AltaCorp Capital reaffirmed an “outperform” rating on shares of Pembina Pipeline Corp. in a research report on Wednesday, May 3rd. Finally, BidaskClub raised shares of Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th.
A number of institutional investors have recently made changes to their positions in PBA. Montrusco Bolton Investments Inc. boosted its position in shares of Pembina Pipeline Corp. by 3.6% in the first quarter. Montrusco Bolton Investments Inc. now owns 1,625,987 shares of the pipeline company’s stock worth $51,377,000 after buying an additional 57,165 shares during the last quarter. AMF Pensionsforsakring AB raised its position in Pembina Pipeline Corp. by 2.4% in the first quarter. AMF Pensionsforsakring AB now owns 212,748 shares of the pipeline company’s stock worth $6,722,000 after buying an additional 4,959 shares in the last quarter. Miller Howard Investments Inc. NY raised its position in Pembina Pipeline Corp. by 18.9% in the first quarter. Miller Howard Investments Inc. NY now owns 983,305 shares of the pipeline company’s stock worth $31,181,000 after buying an additional 156,453 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Pembina Pipeline Corp. by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 7,578 shares of the pipeline company’s stock worth $240,000 after buying an additional 128 shares in the last quarter. Finally, Korea Investment CORP purchased a new position in Pembina Pipeline Corp. during the first quarter worth $1,310,000. Institutional investors own 46.73% of the company’s stock.
Pembina Pipeline Corp. (NYSE PBA) traded up 0.66% during trading on Friday, hitting $32.02. The stock had a trading volume of 530,492 shares. The company’s 50 day moving average is $33.51 and its 200 day moving average is $32.45. The firm has a market cap of $12.90 billion, a PE ratio of 31.39 and a beta of 0.71. Pembina Pipeline Corp. has a 52-week low of $27.44 and a 52-week high of $34.97.
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.08. Pembina Pipeline Corp. had a return on equity of 8.59% and a net margin of 12.12%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities research analysts forecast that Pembina Pipeline Corp. will post $1.36 earnings per share for the current year.
The business also recently disclosed a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.17 per share. This represents a yield of 4.85%. The ex-dividend date is Wednesday, August 23rd. Pembina Pipeline Corp.’s dividend payout ratio is currently 161.86%.
About Pembina Pipeline Corp.
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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