Pembina Pipeline Corp. (PBA) – What Are Analysts Thinking About This Stock?

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $64.00.

Several equities analysts recently weighed in on the company. Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a research note on Wednesday, October 7th. Wall Street Zen raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a research report on Friday, July 31st. Raymond James Financial reaffirmed an “outperform” rating on shares of Pembina Pipeline in a report on Wednesday, October 14th. Finally, Scotiabank lowered shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, July 20th.

Pembina Pipeline Stock Up 1.0%

Shares of NYSE PBA opened at $51.37 on Monday. The stock has a market capitalization of $29.88 billion, a price-to-earnings ratio of 26.22 and a beta of 0.62. Pembina Pipeline has a 52 week low of $36.20 and a 52 week high of $51.58. The firm has a 50-day moving average price of $47.98 and a 200 day moving average price of $46.34. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.46 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. Equities research analysts anticipate that Pembina Pipeline will post 2.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Pembina Pipeline

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cardinal Capital Management Inc. boosted its stake in shares of Pembina Pipeline by 102.4% during the 3rd quarter. Cardinal Capital Management Inc. now owns 7,356,398 shares of the pipeline company’s stock worth $329,243,000 after acquiring an additional 3,721,819 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Pembina Pipeline during the second quarter worth $285,738,000. Canada Pension Plan Investment Board purchased a new stake in shares of Pembina Pipeline during the second quarter valued at $264,907,000. Deutsche Bank AG purchased a new stake in shares of Pembina Pipeline during the second quarter valued at $262,233,000. Finally, Legal & General Group Plc acquired a new position in shares of Pembina Pipeline in the 2nd quarter valued at $199,230,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1954, the company owns and operates pipelines and related facilities that transport and process hydrocarbon products, primarily in Western Canada.

Pembina’s operations include conventional and oil sands pipelines, natural gas gathering and processing facilities, fractionation and storage assets, and infrastructure for moving natural gas liquids such as propane, butane and ethane.