Pembina Pipeline Corp. (NYSE:PBA) Given Average Rating of “Moderate Buy” by Analysts

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $60.00.

PBA has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Pembina Pipeline in a report on Monday, December 29th. TD Securities downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a research report on Tuesday, December 16th. Finally, Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBA. JARISLOWSKY FRASER Ltd boosted its holdings in Pembina Pipeline by 1,894.9% in the third quarter. JARISLOWSKY FRASER Ltd now owns 8,814,455 shares of the pipeline company’s stock worth $356,468,000 after acquiring an additional 8,372,612 shares in the last quarter. Norges Bank bought a new position in Pembina Pipeline in the 2nd quarter worth about $229,613,000. CIBC Asset Management Inc grew its position in Pembina Pipeline by 47.4% during the 2nd quarter. CIBC Asset Management Inc now owns 7,547,536 shares of the pipeline company’s stock valued at $283,823,000 after purchasing an additional 2,427,939 shares during the last quarter. BCV Asset Management Inc. bought a new stake in Pembina Pipeline during the 4th quarter valued at about $61,412,000. Finally, Morgan Stanley raised its holdings in Pembina Pipeline by 45.4% in the fourth quarter. Morgan Stanley now owns 4,723,159 shares of the pipeline company’s stock worth $179,763,000 after buying an additional 1,475,320 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Up 0.5%

PBA stock opened at $43.65 on Wednesday. Pembina Pipeline has a fifty-two week low of $34.13 and a fifty-two week high of $44.60. The company has a market capitalization of $25.36 billion, a price-to-earnings ratio of 21.82 and a beta of 0.68. The business’s 50 day moving average price is $39.82 and its two-hundred day moving average price is $38.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.41 and a current ratio of 0.53.

About Pembina Pipeline

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.