According to Zacks, “Pembina Pipeline Corporation operates as an energy transportation and service provider. The Company operates in four segments; Conventional Pipelines, Oil Sands & Heavy Oil, Midstream & Marketing, and Gas Services. The Conventional Pipelines segment operates a pipeline network that transports crude oil, condensate, and natural gas liquids in Alberta and British Columbia. The Oil Sands & Heavy Oil segment owns and operates pipelines which deliver synthetic crude oil produced from oil sands. The Midstream & Marketing segment offers storage, terminal, and hub services. The Gas Services segment consists of natural gas gathering and processing facilities. Pembina Pipeline Corporation, formerly known as Pembina Pipeline Income Fund, is headquartered in Calgary, Canada. “
Several other equities research analysts have also weighed in on the stock. CIBC reaffirmed a buy rating on shares of Pembina Pipeline in a report on Monday, November 4th. Credit Suisse Group set a $58.00 target price on shares of Pembina Pipeline and gave the stock a buy rating in a report on Monday, October 21st. Finally, ValuEngine raised shares of Pembina Pipeline from a sell rating to a hold rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $49.00.
Shares of PBA traded up $0.14 during trading hours on Thursday, hitting $35.57. The stock had a trading volume of 853,774 shares, compared to its average volume of 632,704. The company’s fifty day moving average is $35.99 and its two-hundred day moving average is $36.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.90 and a quick ratio of 0.62. Pembina Pipeline has a 52 week low of $28.30 and a 52 week high of $38.56. The stock has a market capitalization of $18.13 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 3.42 and a beta of 0.73.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its earnings results on Friday, November 1st. The pipeline company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.07. Pembina Pipeline had a net margin of 23.79% and a return on equity of 14.01%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s quarterly revenue was down 16.9% compared to the same quarter last year. Equities analysts predict that Pembina Pipeline will post 2.07 EPS for the current fiscal year.
The business also recently disclosed a nov 19 dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.20 per share. Pembina Pipeline’s dividend payout ratio is currently 102.26%.
A number of large investors have recently modified their holdings of PBA. Cornerstone Advisors Inc. grew its holdings in Pembina Pipeline by 51.7% during the 2nd quarter. Cornerstone Advisors Inc. now owns 804 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 274 shares during the last quarter. Phocas Financial Corp. bought a new stake in Pembina Pipeline during the 2nd quarter worth about $35,000. JNBA Financial Advisors grew its holdings in Pembina Pipeline by 371.3% during the 3rd quarter. JNBA Financial Advisors now owns 952 shares of the pipeline company’s stock worth $35,000 after acquiring an additional 750 shares during the last quarter. Aperio Group LLC bought a new stake in Pembina Pipeline during the 2nd quarter worth about $41,000. Finally, HM Payson & Co. bought a new stake in Pembina Pipeline during the 2nd quarter worth about $42,000. 52.80% of the stock is currently owned by hedge funds and other institutional investors.
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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