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. “
Several other research firms also recently weighed in on PBA. National Bank Financial downgraded Pembina Pipeline Corp. from an outperform rating to a sector perform rating in a research note on Monday, July 18th. Scotiabank restated an outperform rating and issued a $44.00 price target on shares of Pembina Pipeline Corp. in a research note on Wednesday, August 10th. Credit Suisse Group AG downgraded Pembina Pipeline Corp. from an outperform rating to a neutral rating in a research note on Monday, June 20th. GMP Securities restated a buy rating on shares of Pembina Pipeline Corp. in a research note on Monday, June 27th. Finally, RBC Capital Markets restated an outperform rating and issued a $45.00 price target (up from $42.00) on shares of Pembina Pipeline Corp. in a research note on Wednesday, August 10th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $41.75.
Pembina Pipeline Corp. (NYSE:PBA) opened at 30.35 on Tuesday. The stock has a market capitalization of $11.90 billion, a P/E ratio of 37.10 and a beta of 0.68. Pembina Pipeline Corp. has a 1-year low of $17.88 and a 1-year high of $32.31. The firm’s 50 day moving average is $30.23 and its 200 day moving average is $29.63.
Pembina Pipeline Corp. (NYSE:PBA) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Pembina Pipeline Corp. had a return on equity of 7.13% and a net margin of 10.63%. The business earned $1.03 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. On average, equities research analysts anticipate that Pembina Pipeline Corp. will post $0.89 earnings per share for the current year.
The firm also recently announced a oct 16 dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, October 25th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, October 21st. This represents a yield of 4.78%. Pembina Pipeline Corp.’s payout ratio is 179.27%.
A number of hedge funds have recently added to or reduced their stakes in PBA. Winslow Evans & Crocker Inc. acquired a new stake in Pembina Pipeline Corp. during the second quarter worth $137,000. Linscomb & Williams Inc. acquired a new stake in Pembina Pipeline Corp. during the second quarter worth $209,000. Capital Fund Management S.A. acquired a new stake in Pembina Pipeline Corp. during the second quarter worth $215,000. Advisor Group Inc. acquired a new stake in Pembina Pipeline Corp. during the second quarter worth $235,000. Finally, IFP Advisors Inc raised its stake in Pembina Pipeline Corp. by 11.3% in the second quarter. IFP Advisors Inc now owns 7,946 shares of the company’s stock worth $241,000 after buying an additional 804 shares during the last quarter. Institutional investors and hedge funds own 46.58% of the company’s stock.
Pembina Pipeline Corp. Company Profile
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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