A number of other equities research analysts have also issued reports on PBA. Zacks Investment Research lowered Pembina Pipeline from a buy rating to a hold rating in a research report on Wednesday, November 7th. Credit Suisse Group raised Pembina Pipeline from a neutral rating to an outperform rating in a research report on Friday, November 16th. CIBC reiterated a buy rating on shares of Pembina Pipeline in a research note on Friday, November 2nd. Raymond James restated a buy rating on shares of Pembina Pipeline in a research note on Tuesday, November 6th. Finally, National Bank Financial reiterated a buy rating on shares of Pembina Pipeline in a research report on Friday, November 2nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $40.00.
Shares of NYSE PBA traded up $0.18 during trading on Tuesday, reaching $36.82. The stock had a trading volume of 654,792 shares, compared to its average volume of 653,630. The company has a market capitalization of $18.49 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.96 and a beta of 0.92. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.61. Pembina Pipeline has a one year low of $28.30 and a one year high of $37.06.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, February 21st. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.18. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.93 billion. Pembina Pipeline had a return on equity of 10.93% and a net margin of 16.90%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. As a group, equities analysts predict that Pembina Pipeline will post 2.01 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Friday, March 15th. Shareholders of record on Monday, February 25th will be paid a $0.145 dividend. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Friday, February 22nd. This represents a $1.74 annualized dividend and a dividend yield of 4.73%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 94.35%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Phocas Financial Corp. acquired a new stake in shares of Pembina Pipeline in the fourth quarter valued at about $28,000. Bremer Trust National Association acquired a new position in Pembina Pipeline during the fourth quarter worth approximately $32,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Pembina Pipeline during the fourth quarter worth approximately $33,000. Bruderman Asset Management LLC acquired a new position in Pembina Pipeline during the fourth quarter worth approximately $48,000. Finally, Enlightenment Research LLC acquired a new position in Pembina Pipeline during the fourth quarter worth approximately $53,000. 49.78% of the stock is currently owned by hedge funds and other institutional investors.
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 company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.
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