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. “
A number of other brokerages have also weighed in on PBA. ValuEngine raised Pembina Pipeline from a sell rating to a hold rating in a research note on Wednesday, October 2nd. UBS Group assumed coverage on Pembina Pipeline in a report on Monday, November 25th. They set a neutral rating and a $50.00 price objective for the company. Wells Fargo & Co assumed coverage on Pembina Pipeline in a report on Thursday, December 19th. They set an equal weight rating and a $50.00 price objective for the company. Credit Suisse Group set a $58.00 price objective on Pembina Pipeline and gave the stock a buy rating in a report on Monday, October 21st. Finally, CIBC restated a buy rating and set a $56.00 price objective on shares of Pembina Pipeline in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Pembina Pipeline currently has a consensus rating of Hold and an average price target of $50.80.
Shares of Pembina Pipeline stock opened at $38.45 on Friday. Pembina Pipeline has a fifty-two week low of $32.72 and a fifty-two week high of $39.32. The firm has a market cap of $20.81 billion, a PE ratio of 21.72, a P/E/G ratio of 4.02 and a beta of 0.79. The business’s fifty day moving average is $36.31 and its two-hundred day moving average is $36.52. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.67.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. Pembina Pipeline had a return on equity of 14.01% and a net margin of 23.79%. The company 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 company posted $0.39 EPS. The business’s revenue for the quarter was down 16.9% compared to the same quarter last year. Equities research analysts anticipate that Pembina Pipeline will post 2.12 EPS for the current year.
The company also recently disclosed a jan 20 dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a dividend yield of 4.7%. Pembina Pipeline’s payout ratio is 107.34%.
Several hedge funds have recently added to or reduced their stakes in PBA. Alberta Investment Management Corp increased its holdings in shares of Pembina Pipeline by 1,765.9% during the 3rd quarter. Alberta Investment Management Corp now owns 2,564,753 shares of the pipeline company’s stock worth $95,132,000 after buying an additional 2,427,300 shares during the last quarter. Brookfield Asset Management Inc. increased its holdings in shares of Pembina Pipeline by 75.5% during the 2nd quarter. Brookfield Asset Management Inc. now owns 4,689,121 shares of the pipeline company’s stock worth $174,532,000 after buying an additional 2,017,068 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Pembina Pipeline by 60.4% during the 2nd quarter. Citadel Advisors LLC now owns 2,032,588 shares of the pipeline company’s stock worth $75,727,000 after buying an additional 765,477 shares during the last quarter. Prudential PLC acquired a new stake in shares of Pembina Pipeline during the 2nd quarter worth $24,397,000. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Pembina Pipeline by 14.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 4,188,076 shares of the pipeline company’s stock worth $155,679,000 after buying an additional 523,976 shares during the last quarter. Institutional investors and hedge funds own 49.68% of the company’s stock.
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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