Pembina Pipeline (NYSE:PBA) Stock Rating Lowered by Wall Street Zen

Pembina Pipeline (NYSE:PBA) (TSE:PPL) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

PBA has been the subject of several other reports. TD Securities upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upped their price target on shares of Pembina Pipeline from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Tuesday, May 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pembina Pipeline in a report on Tuesday, June 16th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Pembina Pipeline in a research report on Tuesday, May 26th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.67.

Pembina Pipeline Trading Up 0.1%

Shares of NYSE PBA opened at $47.18 on Friday. Pembina Pipeline has a fifty-two week low of $35.45 and a fifty-two week high of $50.10. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.68 and a current ratio of 0.83. The company has a market cap of $27.43 billion, a price-to-earnings ratio of 24.57 and a beta of 0.57. The business’s 50 day moving average price is $46.78 and its 200-day moving average price is $43.49.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, May 7th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.Pembina Pipeline’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. On average, sell-side analysts expect that Pembina Pipeline will post 2.28 earnings per share for the current year.

Hedge Funds Weigh In On Pembina Pipeline

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Western Wealth Management LLC bought a new position in Pembina Pipeline in the first quarter worth approximately $25,000. Tobam bought a new stake in Pembina Pipeline during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd bought a new stake in Pembina Pipeline during the 3rd quarter valued at $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Pembina Pipeline during the 4th quarter valued at $36,000. Finally, Larson Financial Group LLC increased its holdings in shares of Pembina Pipeline by 32.4% in the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock valued at $43,000 after acquiring an additional 259 shares during the period. 55.37% of the stock is currently owned by institutional investors.

About Pembina Pipeline

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.