Pembina Pipeline (NYSE:PBA) PT Raised to C$55.00 at BMO Capital Markets

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) had its price objective lifted by BMO Capital Markets from C$54.00 to C$55.00 in a research report report published on Friday morning, The Fly reports.

Several other analysts also recently weighed in on the company. Canaccord Genuity Group raised their target price on Pembina Pipeline from C$47.00 to C$49.00 in a research note on Wednesday, March 2nd. TD Securities initiated coverage on shares of Pembina Pipeline in a research report on Thursday, March 3rd. They set a buy rating on the stock. StockNews.com initiated coverage on shares of Pembina Pipeline in a research report on Thursday, March 31st. They set a hold rating on the stock. National Bank Financial increased their price target on shares of Pembina Pipeline from C$44.00 to C$45.00 in a research report on Thursday, March 3rd. Finally, Scotiabank raised their target price on shares of Pembina Pipeline from C$54.00 to C$55.00 in a report on Friday. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Pembina Pipeline presently has a consensus rating of Buy and an average price target of $47.10.

NYSE PBA traded up $1.20 during trading hours on Friday, hitting $39.38. The company had a trading volume of 1,062,780 shares, compared to its average volume of 972,281. Pembina Pipeline has a fifty-two week low of $28.89 and a fifty-two week high of $41.21. The company has a market capitalization of $21.73 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 5.96 and a beta of 1.25. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.52 and a quick ratio of 0.36. The firm’s 50 day moving average is $37.72 and its 200 day moving average is $33.84.

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) last announced its quarterly earnings results 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 the consensus estimate of $1.94 billion. Pembina Pipeline had a return on equity of 10.00% and a net margin of 13.81%. The firm’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. On average, equities analysts anticipate that Pembina Pipeline will post 2.19 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, May 25th will be given a $0.163 dividend. The ex-dividend date of this dividend is Tuesday, May 24th. This represents a $1.96 annualized dividend and a yield of 4.97%. Pembina Pipeline’s dividend payout ratio (DPR) is 110.44%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AGF Investments LLC grew its position in Pembina Pipeline by 33.3% during the 3rd quarter. AGF Investments LLC now owns 1,792 shares of the pipeline company’s stock worth $57,000 after purchasing an additional 448 shares in the last quarter. Virtu Financial LLC grew its position in Pembina Pipeline by 5.7% during the 4th quarter. Virtu Financial LLC now owns 10,981 shares of the pipeline company’s stock worth $333,000 after purchasing an additional 594 shares in the last quarter. Huntington National Bank grew its position in Pembina Pipeline by 16.6% during the 4th quarter. Huntington National Bank now owns 4,211 shares of the pipeline company’s stock worth $127,000 after purchasing an additional 601 shares in the last quarter. Smith Moore & CO. grew its position in Pembina Pipeline by 5.1% during the 4th quarter. Smith Moore & CO. now owns 12,842 shares of the pipeline company’s stock worth $389,000 after purchasing an additional 625 shares in the last quarter. Finally, LPL Financial LLC grew its position in Pembina Pipeline by 1.0% during the 3rd quarter. LPL Financial LLC now owns 64,743 shares of the pipeline company’s stock worth $2,052,000 after purchasing an additional 664 shares in the last quarter. Hedge funds and other institutional investors own 55.44% of the company’s stock.

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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