National Bank Financial reiterated their buy rating on shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) in a report released on Friday morning.
A number of other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Pembina Pipeline from a strong sell rating to a hold rating in a research note on Friday, September 28th. ValuEngine downgraded shares of Pembina Pipeline from a hold rating to a sell rating in a research note on Tuesday, September 4th. Finally, CIBC reiterated a buy rating on shares of Pembina Pipeline in a research note on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $40.00.
Pembina Pipeline stock traded up $0.11 during trading on Friday, reaching $33.07. The stock had a trading volume of 727,169 shares, compared to its average volume of 499,587. Pembina Pipeline has a 52-week low of $29.28 and a 52-week high of $36.99. The company has a quick ratio of 0.41, a current ratio of 0.58 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $16.73 billion, a P/E ratio of 18.58, a P/E/G ratio of 3.21 and a beta of 0.66.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, November 1st. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.13. Pembina Pipeline had a net margin of 17.40% and a return on equity of 10.09%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up 95.7% on a year-over-year basis. As a group, research analysts anticipate that Pembina Pipeline will post 1.72 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 25th will be paid a $0.1472 dividend. The ex-dividend date is Wednesday, October 24th. This represents a $1.77 dividend on an annualized basis and a yield of 5.34%. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.15. Pembina Pipeline’s payout ratio is currently 133.08%.
A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of Pembina Pipeline by 25.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 198,562 shares of the pipeline company’s stock worth $6,201,000 after buying an additional 40,336 shares during the last quarter. LPL Financial LLC lifted its position in shares of Pembina Pipeline by 22.6% during the 1st quarter. LPL Financial LLC now owns 17,534 shares of the pipeline company’s stock worth $548,000 after buying an additional 3,237 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of Pembina Pipeline by 25.8% during the 1st quarter. Guggenheim Capital LLC now owns 138,475 shares of the pipeline company’s stock worth $4,321,000 after buying an additional 28,395 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Pembina Pipeline by 73.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 6,085 shares of the pipeline company’s stock worth $190,000 after buying an additional 2,585 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Pembina Pipeline during the 1st quarter worth approximately $3,578,000. Institutional investors own 47.10% of the company’s stock.
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.
Featured Story: How are the companies in the S&P 500 selected?
Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.