Pembina Pipeline Corp. (PBA) Stock Price Up 3.3%
Pembina Pipeline Corp. (NYSE:PBA) shares rose 3.3% on Friday . The stock traded as high as $31.03 and last traded at $30.93, with a volume of 98,517 shares. The stock had previously closed at $29.94.
PBA has been the topic of several recent analyst reports. Zacks Investment Research upgraded Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. National Bank Financial lowered Pembina Pipeline Corp. from an “outperform” rating to a “sector perform” rating in a report on Monday, July 18th. Scotiabank restated an “outperform” rating and issued a $44.00 price target on shares of Pembina Pipeline Corp. in a report on Wednesday, August 10th. TD Securities restated a “buy” rating and issued a $41.00 price target (up from $40.00) on shares of Pembina Pipeline Corp. in a report on Tuesday, May 10th. Finally, Credit Suisse Group AG lowered Pembina Pipeline Corp. from an “outperform” rating to a “neutral” rating in a report on Monday, June 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Pembina Pipeline Corp. presently has a consensus rating of “Buy” and an average target price of $41.75.
The firm has a 50-day moving average price of $29.95 and a 200 day moving average price of $28.59. The firm has a market cap of $12.14 billion and a PE ratio of 37.03.
Pembina Pipeline Corp. (NYSE:PBA) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05. During the same period in the prior year, the firm posted $0.09 EPS. The business earned $1.03 billion during the quarter, compared to analysts’ expectations of $1.50 billion. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. On average, analysts forecast that Pembina Pipeline Corp. will post $0.88 EPS for the current year.
The firm also recently declared a aug 16 dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, August 23rd. This represents a yield of 4.91%.
A hedge fund recently raised its stake in Pembina Pipeline Corp. stock. Dimensional Fund Advisors LP raised its position in Pembina Pipeline Corp. (NYSE:PBA) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,642 shares of the company’s stock after buying an additional 1,714 shares during the period. Dimensional Fund Advisors LP’s holdings in Pembina Pipeline Corp. were worth $1,450,000 as of its most recent filing with the SEC.
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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