Pembina Pipeline Corp. (NYSE:PBA) Stock Has Average Target Price of $64.00

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $64.00.

PBA has been the subject of several analyst reports. Barclays restated an “overweight” rating on shares of Pembina Pipeline in a research report on Wednesday, October 7th. Scotiabank lowered shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, July 20th. Weiss Ratings lowered shares of Pembina Pipeline from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 22nd. Canadian Imperial Bank of Commerce cut shares of Pembina Pipeline from an “outperform” rating to a “hold” rating in a report on Thursday, October 22nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, July 31st.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors and hedge funds have recently made changes to their positions in PBA. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd acquired a new position in Pembina Pipeline in the third quarter valued at about $34,301,000. MADDEN SECURITIES Corp acquired a new stake in shares of Pembina Pipeline during the third quarter worth about $107,000. Miller Howard Investments Inc. NY raised its position in shares of Pembina Pipeline by 6.8% during the third quarter. Miller Howard Investments Inc. NY now owns 496,819 shares of the pipeline company’s stock worth $22,148,000 after purchasing an additional 31,586 shares during the period. Tectonic Advisors LLC raised its position in shares of Pembina Pipeline by 4.7% during the third quarter. Tectonic Advisors LLC now owns 55,971 shares of the pipeline company’s stock worth $2,495,000 after purchasing an additional 2,517 shares during the period. Finally, Gold Investment Management Ltd. raised its position in shares of Pembina Pipeline by 2.0% during the third quarter. Gold Investment Management Ltd. now owns 10,897 shares of the pipeline company’s stock worth $486,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

PBA opened at $51.37 on Monday. The company has a fifty day moving average price of $47.98 and a two-hundred day moving average price of $46.34. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.50 and a current ratio of 0.62. Pembina Pipeline has a 52 week low of $36.20 and a 52 week high of $51.58. The firm has a market capitalization of $29.88 billion, a PE ratio of 25.18 and a beta of 0.59.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.46 billion. Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. As a group, analysts anticipate that Pembina Pipeline will post 2.19 earnings per share for the current year.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1954, the company owns and operates pipelines and related facilities that transport and process hydrocarbon products, primarily in Western Canada.

Pembina’s operations include conventional and oil sands pipelines, natural gas gathering and processing facilities, fractionation and storage assets, and infrastructure for moving natural gas liquids such as propane, butane and ethane.