Pembina Pipeline (NYSE:PBA) Price Target Raised to C$54.00 at Scotiabank

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) had its price target lifted by stock analysts at Scotiabank from C$49.00 to C$54.00 in a research note issued on Tuesday, The Fly reports.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets raised shares of Pembina Pipeline from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 1st. National Bank Financial upped their price objective on shares of Pembina Pipeline from C$44.00 to C$45.00 in a research note on Thursday, March 3rd. StockNews.com started coverage on shares of Pembina Pipeline in a research note on Thursday, March 31st. They set a “hold” rating for the company. TD Securities started coverage on Pembina Pipeline in a report on Thursday, March 3rd. They issued a “buy” rating on the stock. Finally, Canaccord Genuity Group upped their target price on Pembina Pipeline from C$47.00 to C$49.00 in a report on Wednesday, March 2nd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $45.25.

PBA stock traded up $0.21 during trading on Tuesday, hitting $39.77. The company had a trading volume of 36,334 shares, compared to its average volume of 1,248,909. The firm has a market capitalization of $21.89 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 5.98 and a beta of 1.35. The business has a 50 day moving average of $36.18 and a 200 day moving average of $33.31. Pembina Pipeline has a fifty-two week low of $28.89 and a fifty-two week high of $40.08. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 0.86.

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) last posted its quarterly earnings data on Thursday, February 24th. The pipeline company reported $0.06 earnings per share for the quarter. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $1.94 billion. Pembina Pipeline had a net margin of 13.81% and a return on equity of 10.00%. The company’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. As a group, equities analysts predict that Pembina Pipeline will post 2.22 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new position in Pembina Pipeline in the third quarter worth $793,000. Advisor Group Holdings Inc. raised its stake in Pembina Pipeline by 29.7% during the third quarter. Advisor Group Holdings Inc. now owns 37,045 shares of the pipeline company’s stock worth $1,175,000 after acquiring an additional 8,481 shares in the last quarter. Pendal Group Ltd raised its stake in Pembina Pipeline by 574.8% during the third quarter. Pendal Group Ltd now owns 42,824 shares of the pipeline company’s stock worth $1,356,000 after acquiring an additional 36,478 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Pembina Pipeline during the third quarter worth $3,735,000. Finally, LPL Financial LLC raised its stake in Pembina Pipeline by 1.0% during the third quarter. LPL Financial LLC now owns 64,743 shares of the pipeline company’s stock worth $2,052,000 after acquiring an additional 664 shares in the last quarter. 53.42% of the stock is owned by hedge funds and other institutional investors.

About Pembina Pipeline (Get Rating)

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.

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