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. “
Other research analysts have also issued research reports about the company. ValuEngine raised Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. CIBC reissued a “buy” rating on shares of Pembina Pipeline in a report on Monday, November 4th. Finally, Credit Suisse Group set a $58.00 target price on Pembina Pipeline and gave the company a “buy” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Pembina Pipeline has a consensus rating of “Buy” and a consensus target price of $49.00.
PBA traded up $0.14 during trading on Thursday, hitting $35.57. 853,774 shares of the stock were exchanged, compared to its average volume of 632,704. The firm has a market capitalization of $18.13 billion, a P/E ratio of 20.10, a PEG ratio of 3.42 and a beta of 0.73. 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 $35.99 and a two-hundred day moving average price of $36.49. The company has a quick ratio of 0.62, a current ratio of 0.90 and a debt-to-equity ratio of 0.67.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.43 by $0.07. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.78 billion. Pembina Pipeline had a return on equity of 14.01% and a net margin of 23.79%. The firm’s revenue was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. Analysts predict that Pembina Pipeline will post 2.07 EPS for the current year.
Several institutional investors have recently bought and sold shares of the stock. Cornerstone Advisors Inc. boosted its position in Pembina Pipeline by 51.7% during the second quarter. Cornerstone Advisors Inc. now owns 804 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 274 shares in the last quarter. Raymond James Trust N.A. boosted its position in Pembina Pipeline by 3.2% during the second quarter. Raymond James Trust N.A. now owns 9,828 shares of the pipeline company’s stock worth $366,000 after purchasing an additional 302 shares in the last quarter. Gradient Investments LLC boosted its position in Pembina Pipeline by 37.2% during the second quarter. Gradient Investments LLC now owns 1,229 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 333 shares in the last quarter. MHI Funds LLC boosted its position in Pembina Pipeline by 9.9% during the third quarter. MHI Funds LLC now owns 3,836 shares of the pipeline company’s stock worth $142,000 after purchasing an additional 346 shares in the last quarter. Finally, Broderick Brian C boosted its position in Pembina Pipeline by 1.5% during the second quarter. Broderick Brian C now owns 23,603 shares of the pipeline company’s stock worth $878,000 after purchasing an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 52.80% of the company’s stock.
About Pembina Pipeline
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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