Pembina Pipeline (NYSE:PBA – Get Free Report) (TSE:PPL) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Other equities analysts have also issued reports about the company. Scotiabank lowered Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, July 20th. Weiss Ratings downgraded shares of Pembina Pipeline from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Pembina Pipeline in a report on Friday, July 3rd. Royal Bank Of Canada boosted their price target on shares of Pembina Pipeline from $64.00 to $68.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a research note on Thursday, May 21st. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $64.00.
Get Our Latest Stock Analysis on PBA
Pembina Pipeline Stock Down 0.0%
Pembina Pipeline (NYSE:PBA – Get Free Report) (TSE:PPL) last released its quarterly earnings results on Thursday, May 7th. The pipeline company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.The business’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 EPS. Analysts predict that Pembina Pipeline will post 2.2 earnings per share for the current year.
Institutional Investors Weigh In On Pembina Pipeline
Hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new position in Pembina Pipeline in the first quarter valued at approximately $25,000. Tobam acquired a new stake in shares of Pembina Pipeline during the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pembina Pipeline in the 3rd quarter valued at $31,000. 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 valued at $36,000. Finally, Larson Financial Group LLC lifted its position in shares of Pembina Pipeline by 32.4% during the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock valued at $43,000 after acquiring an additional 259 shares during the period. 55.37% of the stock is currently owned by institutional investors.
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.
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