Pembina Pipeline Corp. (NYSE:PBA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company.

Several analysts recently issued reports on PBA shares. Wells Fargo & Company downgraded Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Wall Street Zen downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Pembina Pipeline in a research report on Thursday. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th.

Hedge Funds Weigh In On Pembina Pipeline

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PBA. N.E.W. Advisory Services LLC bought a new stake in Pembina Pipeline in the 1st quarter worth approximately $27,000. Westside Investment Management Inc. raised its stake in Pembina Pipeline by 100.0% during the third quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 404 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in Pembina Pipeline by 441.2% during the third quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 750 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Pembina Pipeline during the third quarter valued at $40,000. Finally, Mather Group LLC. purchased a new position in shares of Pembina Pipeline in the 3rd quarter worth $45,000. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Trading Up 2.5%

Shares of Pembina Pipeline stock opened at $38.72 on Monday. Pembina Pipeline has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.62 and a current ratio of 0.77. The company has a market capitalization of $22.50 billion, a P/E ratio of 18.18 and a beta of 0.75. The company has a fifty day moving average of $38.90 and a 200 day moving average of $37.91.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, November 6th. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14). Pembina Pipeline had a net margin of 23.24% and a return on equity of 12.27%. The business had revenue of $911.47 million for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the business earned $0.60 earnings per share. Pembina Pipeline’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Pembina Pipeline will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, December 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.3%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 101.00%.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.