Pembina Pipeline Corp (NYSE:PBA) Receives Consensus Rating of “Buy” from Brokerages

Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) has been given an average recommendation of “Buy” by the nine analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company.

Separately, Zacks Investment Research raised Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th.

Shares of NYSE:PBA traded up $0.01 during trading on Thursday, reaching $36.91. 522,410 shares of the stock were exchanged, compared to its average volume of 513,921. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.62 and a current ratio of 0.68. Pembina Pipeline has a 1-year low of $28.30 and a 1-year high of $38.56. The stock has a fifty day moving average price of $37.32. The stock has a market capitalization of $18.86 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 3.62 and a beta of 0.80.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, August 1st. The pipeline company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.81. Pembina Pipeline had a return on equity of 13.92% and a net margin of 22.20%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. Pembina Pipeline’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts anticipate that Pembina Pipeline will post 2.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, August 22nd. Pembina Pipeline’s payout ratio is currently 103.39%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Motco purchased a new stake in Pembina Pipeline in the 1st quarter valued at $28,000. Cornerstone Advisors Inc. raised its position in Pembina Pipeline by 51.7% in the 2nd quarter. Cornerstone Advisors Inc. now owns 804 shares of the pipeline company’s stock valued at $30,000 after buying an additional 274 shares during the last quarter. Parallel Advisors LLC raised its position in Pembina Pipeline by 350.0% in the 1st quarter. Parallel Advisors LLC now owns 810 shares of the pipeline company’s stock valued at $29,000 after buying an additional 630 shares during the last quarter. Zions Bancorporation N.A. purchased a new stake in Pembina Pipeline in the 1st quarter valued at $36,000. Finally, Bremer Bank National Association purchased a new stake in Pembina Pipeline in the 1st quarter valued at $39,000. 51.32% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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Analyst Recommendations for Pembina Pipeline (NYSE:PBA)

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