Pembina Pipeline (NYSE:PBA) Hits New 12-Month High at $34.31

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $34.31 and last traded at $34.31, with a volume of 34187 shares. The stock had previously closed at $33.67.

A number of equities analysts have issued reports on the stock. BMO Capital Markets assumed coverage on shares of Pembina Pipeline in a research report on Wednesday, July 28th. They set a “market perform” rating for the company. Credit Suisse Group started coverage on shares of Pembina Pipeline in a research report on Wednesday, August 18th. They issued a “neutral” rating for the company. Zacks Investment Research lowered shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating and set a $27.00 price objective for the company. in a research report on Monday, September 27th. TD Securities started coverage on shares of Pembina Pipeline in a research report on Tuesday, September 7th. They issued a “buy” rating and a $43.00 price objective for the company. Finally, CIBC raised shares of Pembina Pipeline from a “neutral” rating to an “outperform” rating in a research report on Friday, June 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Pembina Pipeline presently has an average rating of “Hold” and an average target price of $39.50.

The company has a market capitalization of $18.90 billion, a price-to-earnings ratio of -51.02, a PEG ratio of 3.28 and a beta of 1.50. The stock’s fifty day simple moving average is $31.53 and its two-hundred day simple moving average is $31.46. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.69 and a quick ratio of 0.52.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, August 5th. The pipeline company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.16). The firm had revenue of $1.59 billion during the quarter. Pembina Pipeline had a positive return on equity of 9.58% and a negative net margin of 4.83%. On average, sell-side analysts predict that Pembina Pipeline Co. will post 1.87 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 15th. Stockholders of record on Monday, October 25th will be given a dividend of $0.165 per share. The ex-dividend date is Friday, October 22nd. This represents a $1.98 annualized dividend and a dividend yield of 5.76%. Pembina Pipeline’s dividend payout ratio (DPR) is 136.05%.

Large investors have recently bought and sold shares of the company. FORA Capital LLC acquired a new position in shares of Pembina Pipeline in the second quarter worth about $29,000. Tradewinds Capital Management LLC boosted its holdings in shares of Pembina Pipeline by 327.5% in the second quarter. Tradewinds Capital Management LLC now owns 996 shares of the pipeline company’s stock worth $32,000 after buying an additional 763 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Pembina Pipeline by 1,198.7% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,000 shares of the pipeline company’s stock worth $32,000 after buying an additional 923 shares during the period. AGF Investments LLC boosted its holdings in shares of Pembina Pipeline by 52.7% in the second quarter. AGF Investments LLC now owns 1,344 shares of the pipeline company’s stock worth $43,000 after buying an additional 464 shares during the period. Finally, QV Investors Inc. acquired a new position in shares of Pembina Pipeline in the second quarter worth about $48,000. Institutional investors own 52.53% of the company’s stock.

About Pembina Pipeline (NYSE:PBA)

Pembina Pipeline Corp. engages in the provision of transportation and midstream services. It operates through the following segments: Pipelines, Facilities, Marketing and New Ventures, and Corporate. The Pipelines segment includes conventional, oil sands and transmission pipeline systems, crude oil storage and terminalling business and related infrastructure.

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