Shares of Pembina Pipeline Corp. (NYSE:PBA) saw strong trading volume on Thursday . 442,966 shares traded hands during trading, an increase of 54% from the previous session’s volume of 287,995 shares.The stock last traded at $30.65 and had previously closed at $30.67.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Pembina Pipeline Corp. from a “sell” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research report on Tuesday, May 3rd. GMP Securities reaffirmed a “buy” rating on shares of Pembina Pipeline Corp. in a research report on Monday, June 27th. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of Pembina Pipeline Corp. in a research report on Thursday, May 19th. Credit Suisse Group AG lowered Pembina Pipeline Corp. from an “outperform” rating to a “neutral” rating in a research report on Monday, June 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $37.00 target price on shares of Pembina Pipeline Corp. in a research report on Friday, April 1st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $41.18.

The company’s 50 day moving average is $30.41 and its 200 day moving average is $26.53. The stock has a market capitalization of $11.75 billion and a P/E ratio of 42.66.

Pembina Pipeline Corp. (NYSE:PBA) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.07. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.36 billion. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. Analysts anticipate that Pembina Pipeline Corp. will post $1.25 earnings per share for the current year.

The firm also recently declared a jul 16 dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, July 25th will be paid a $0.16 dividend. This represents a yield of 4.94%. The ex-dividend date of this dividend is Thursday, July 21st.

Other hedge funds have bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Pembina Pipeline Corp. by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 66,642 shares of the company’s stock valued at $1,450,000 after buying an additional 1,714 shares in the last quarter. I.G. Investment Management LTD. increased its stake in Pembina Pipeline Corp. by 27.1% in the fourth quarter. I.G. Investment Management LTD. now owns 1,286,553 shares of the company’s stock valued at $28,048,000 after buying an additional 274,648 shares in the last quarter. Bank of Montreal Can increased its stake in Pembina Pipeline Corp. by 12.6% in the fourth quarter. Bank of Montreal Can now owns 9,379,968 shares of the company’s stock valued at $204,108,000 after buying an additional 1,048,886 shares in the last quarter. Jacobson & Schmitt Advisors LLC increased its stake in Pembina Pipeline Corp. by 4.2% in the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 125,610 shares of the company’s stock valued at $2,733,000 after buying an additional 5,090 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its stake in Pembina Pipeline Corp. by 45.5% in the fourth quarter. State of Wisconsin Investment Board now owns 398,595 shares of the company’s stock valued at $8,651,000 after buying an additional 124,726 shares in the last quarter.

Pembina Pipeline Corporation (Pembina) is an energy transportation and service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Conventional Pipelines consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.