Several other analysts have also weighed in on the company recently. Canaccord Genuity Group raised its target price on Pembina Pipeline from C$47.00 to C$49.00 in a Wednesday, March 2 research note. TD Securities launched a hedge on Pembina Pipeline shares in a research report on Thursday, March 3. They set a buy rating on the stock. StockNews.com began covering Pembina Pipeline stocks in a research report on Thursday, March 31. They have set a holding rating on the stock. National Bank Financial raised its price target on Pembina Pipeline shares from C$44.00 to C$45.00 in a Thursday, March 3 research report. Finally, Scotiabank raised its target price on Pembina Pipeline shares from C$54.00 to C$55.00 in a report released Friday. Four investment analysts gave the stock a hold rating and seven gave the company a buy rating. According to data from MarketBeat, Pembina Pipeline currently has a consensus buy rating and an average price target of $47.10.
NYSE Stock Exchange traded at $1.20 during Friday trading hours, hitting $39.38. The company had a trading volume of 1,062,780 shares, compared to an average volume of 972,281 shares. Pembina Pipeline has a fifty-two week low of $28.89 and a fifty-two week high of $41.21. The company has a market capitalization of $21.73 billion, a price/earnings ratio of 21.64, a P/E/G ratio of 5.96 and a beta of 1.25. The company has a debt ratio of 0.86, a current ratio of 0.52 and a quick ratio of 0.36. The company’s 50-day moving average is $37.72 and its 200-day moving average is $33.84.
Pembina pipeline (NYSE: PBA – Get a rating) (TSE:PPL) last announced its quarterly results on Thursday, February 24. The pipeline company reported earnings per share (EPS) of $0.06 for the quarter. The company posted revenue of $2.56 billion in the quarter, versus a consensus estimate of $1.94 billion. Pembina Pipeline posted a return on equity of 10.00% and a net margin of 13.81%. The company’s quarterly revenue increased by 52.4% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.42. On average, stock analysts expect Pembina Pipeline to post an EPS of 2.19 for the current year.
The company also recently declared a monthly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Wednesday, May 25 will receive a dividend of $0.163. The ex-dividend date is Tuesday, May 24. This represents an annualized dividend of $1.96 and a yield of 4.97%. Pembina Pipeline’s dividend payout ratio (DPR) is 110.44%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AGF Investments LLC increased its position in Pembina Pipeline by 33.3% during the third quarter. AGF Investments LLC now owns 1,792 shares of the pipeline company worth $57,000 after buying 448 additional shares in the last quarter. Virtu Financial LLC increased its position in Pembina Pipeline by 5.7% during the 4th quarter. Virtu Financial LLC now owns 10,981 shares of the pipeline company worth $333,000 after buying 594 additional shares in the last quarter. National Bank Huntington increased its position in Pembina Pipeline by 16.6% during the 4th quarter. Huntington National Bank now owns 4,211 shares of the pipeline company worth $127,000 after buying 601 more shares in the last quarter. Smith Moore & CO. increased its position in Pembina Pipeline by 5.1% during the 4th quarter. Smith Moore & CO. now owns 12,842 shares of the pipeline company worth $389,000 after purchasing an additional 625 shares in the last quarter. Finally, LPL Financial LLC increased its position in Pembina Pipeline by 1.0% during the third quarter. LPL Financial LLC now owns 64,743 shares of the pipeline company worth $2,052,000 after purchasing an additional 664 shares last quarter. Hedge funds and other institutional investors own 55.44% of the company’s shares.
About the Pembina Pipeline (Get a rating)
Pembina Pipeline Corporation provides transportation and midstream services to the energy industry. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil assets, as well as transportation assets with a transportation capacity of 3.1 million barrels of oil equivalent per day, ground storage of 11 million barrels and a rail terminal capacity of approximately 105 thousand barrels of oil. equivalent per day serving markets and basins across North America.
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