BMO Capital Markets Reiterates Market Perform Rating for Pembina Pipeline (NYSE:PBA)

Pembina Pipeline (NYSE:PBA) (TSE:PPL)‘s stock had its “market perform” rating restated by BMO Capital Markets in a note issued to investors on Friday, Marketbeat reports.

PBA has been the subject of a number of other research reports. Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. TD Securities lowered Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pembina Pipeline in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.00.

Pembina Pipeline Trading Down 0.5%

Shares of NYSE PBA opened at $43.97 on Friday. Pembina Pipeline has a 12 month low of $34.13 and a 12 month high of $44.60. The company has a market cap of $25.55 billion, a price-to-earnings ratio of 21.99 and a beta of 0.68. The company has a quick ratio of 0.41, a current ratio of 0.53 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $40.36 and a 200-day simple moving average of $39.12.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, February 26th. The pipeline company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Pembina Pipeline had a return on equity of 11.59% and a net margin of 22.17%.The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business posted $0.92 EPS. Pembina Pipeline’s revenue was down 10.8% on a year-over-year basis. Sell-side analysts predict that Pembina Pipeline will post 2.15 EPS for the current year.

Hedge Funds Weigh In On Pembina Pipeline

A number of institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in Pembina Pipeline during the 3rd quarter valued at $31,000. Westside Investment Management Inc. increased its stake in Pembina Pipeline by 100.0% during the third quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 404 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Pembina Pipeline in the 4th quarter worth approximately $36,000. Physician Wealth Advisors Inc. grew its holdings in shares of Pembina Pipeline by 441.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 750 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Pembina Pipeline in the 3rd quarter valued at $40,000. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.