Pembina Pipeline Corp. (PBA) Stock Price Up 3.3%
Pembina Pipeline Corp. (NYSE:PBA) shares rose 3.3% during trading on Friday . The company traded as high as $31.03 and last traded at $30.93, with a volume of 98,517 shares changing hands. The stock had previously closed at $29.94.
PBA has been the topic of a number of research reports. GMP Securities reaffirmed a “buy” rating on shares of Pembina Pipeline Corp. in a report on Monday, June 27th. TD Securities reiterated a “buy” rating and set a $41.00 target price (up from $40.00) on shares of Pembina Pipeline Corp. in a research report on Tuesday, May 10th. Canaccord Genuity reiterated a “buy” rating and set a $41.00 target price (up from $39.00) on shares of Pembina Pipeline Corp. in a research report on Tuesday, May 10th. Zacks Investment Research upgraded Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Credit Suisse Group AG downgraded Pembina Pipeline Corp. from an “outperform” rating to a “neutral” rating in a research report on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $41.75.
The company’s 50-day moving average is $29.97 and its 200-day moving average is $28.58. The stock has a market capitalization of $12.14 billion and a PE ratio of 36.60.
Pembina Pipeline Corp. (NYSE:PBA) last released its earnings results on Thursday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05. The business earned $1.03 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company earned $0.09 earnings per share. Pembina Pipeline Corp.’s revenue was down 15.3% on a year-over-year basis. Analysts anticipate that Pembina Pipeline Corp. will post $0.88 EPS for the current fiscal year.
The company also recently announced a aug 16 dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be given a $0.16 dividend. This represents a yield of 4.91%. The ex-dividend date is Tuesday, August 23rd.
A hedge fund recently raised its stake in Pembina Pipeline Corp. stock. Dimensional Fund Advisors LP boosted 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 SEC filing.
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.