Pembina Pipeline (NYSE:PBA) PT Raised to C$50.00

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) had its price objective upped by Raymond James from C$49.50 to C$50.00 in a research report sent to investors on Friday, The Fly reports.

PBA has been the subject of several other reports. Credit Suisse Group raised shares of Pembina Pipeline from a neutral rating to an outperform rating in a research note on Monday, April 11th. Scotiabank raised their price target on shares of Pembina Pipeline from C$54.00 to C$55.00 in a research note on Friday. Canaccord Genuity Group raised their price target on shares of Pembina Pipeline from C$47.00 to C$49.00 in a research note on Wednesday, March 2nd. StockNews.com assumed coverage on shares of Pembina Pipeline in a research note on Thursday, March 31st. They set a hold rating for the company. Finally, National Bank Financial raised their price target on shares of Pembina Pipeline from C$44.00 to C$45.00 in a research note on Thursday, March 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus target price of $47.10.

NYSE PBA traded up $1.20 during trading hours on Friday, reaching $39.38. 1,062,780 shares of the company’s stock were exchanged, compared to its average volume of 972,281. The company’s 50-day moving average is $37.72 and its two-hundred day moving average is $33.84. Pembina Pipeline has a one year low of $28.89 and a one year high of $41.21. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.36 and a current ratio of 0.52. The company has a market capitalization of $21.73 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 5.96 and a beta of 1.25.

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

The company also recently announced a monthly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, May 25th will be issued a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Tuesday, May 24th. Pembina Pipeline’s dividend payout ratio is currently 110.44%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Pembina Pipeline in the third quarter worth $793,000. Advisor Group Holdings Inc. increased its position in shares of Pembina Pipeline by 29.7% in the third quarter. Advisor Group Holdings Inc. now owns 37,045 shares of the pipeline company’s stock worth $1,175,000 after purchasing an additional 8,481 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of Pembina Pipeline by 22.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,977 shares of the pipeline company’s stock worth $424,000 after purchasing an additional 2,527 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Pembina Pipeline in the third quarter worth $3,735,000. Finally, Mufg Securities Canada LTD. increased its position in shares of Pembina Pipeline by 1,685.0% in the fourth quarter. Mufg Securities Canada LTD. now owns 5,243,857 shares of the pipeline company’s stock worth $159,235,000 after purchasing an additional 4,950,089 shares during the period. 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.

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