Pembina Pipeline Co. (NYSE:PBA) Given Average Rating of “Buy” by Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBAGet Rating) (TSE:PPL) have received an average recommendation of “Buy” from the thirteen brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $46.50.

A number of research firms have issued reports on PBA. StockNews.com began coverage on Pembina Pipeline in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James boosted their target price on Pembina Pipeline from C$43.50 to C$44.50 in a research note on Tuesday, March 1st. Scotiabank upped their price target on shares of Pembina Pipeline from C$49.00 to C$54.00 in a report on Tuesday, April 19th. Canaccord Genuity Group upped their price target on shares of Pembina Pipeline from C$47.00 to C$49.00 in a report on Wednesday, March 2nd. Finally, BMO Capital Markets upgraded shares of Pembina Pipeline from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 1st.

Shares of Pembina Pipeline stock opened at $38.06 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 0.86. Pembina Pipeline has a 12 month low of $28.89 and a 12 month high of $41.21. The business has a fifty day simple moving average of $37.39 and a 200 day simple moving average of $33.73. The stock has a market cap of $21.00 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 5.77 and a beta of 1.24.

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) last issued its quarterly earnings data on Thursday, February 24th. The pipeline company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Pembina Pipeline had a net margin of 13.81% and a return on equity of 10.00%. The business’s revenue for the quarter was up 52.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share. Analysts expect that Pembina Pipeline will post 2.19 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Friday, May 13th. Shareholders of record on Monday, April 25th will be paid a $0.168 dividend. The ex-dividend date is Friday, April 22nd. This represents a $2.02 dividend on an annualized basis and a yield of 5.30%. This is a boost from Pembina Pipeline’s previous monthly dividend of $0.17. Pembina Pipeline’s dividend payout ratio (DPR) is currently 128.03%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Syverson Strege & Co acquired a new stake in shares of Pembina Pipeline in the fourth quarter valued at approximately $26,000. Achmea Investment Management B.V. acquired a new stake in shares of Pembina Pipeline during the 3rd quarter worth about $29,000. M&R Capital Management Inc. acquired a new stake in shares of Pembina Pipeline during the 4th quarter worth about $29,000. Trust Co. of Vermont acquired a new stake in shares of Pembina Pipeline during the 4th quarter worth about $30,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Pembina Pipeline during the 3rd quarter worth about $31,000. 55.44% of the stock is owned by institutional investors.

Pembina Pipeline Company Profile (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.

Featured Stories

Analyst Recommendations for Pembina Pipeline (NYSE:PBA)

Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.