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

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $64.00.

Several analysts recently commented on the company. Weiss Ratings cut Pembina Pipeline from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 22nd. BMO Capital Markets reissued a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, July 31st. TD Securities restated a “buy” rating on shares of Pembina Pipeline in a report on Friday, October 16th. Barclays restated an “overweight” rating on shares of Pembina Pipeline in a report on Wednesday, October 7th. Finally, Wall Street Zen raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th.

Hedge Funds Weigh In On Pembina Pipeline

Hedge funds and other institutional investors have recently modified their holdings of the business. Western Wealth Management LLC acquired a new position in Pembina Pipeline during the first quarter worth about $25,000. Dunhill Financial LLC acquired a new stake in Pembina Pipeline in the 2nd quarter valued at about $31,000. N.E.W. Advisory Services LLC acquired a new stake in Pembina Pipeline in the 2nd quarter valued at about $31,000. Integrated Wealth Concepts LLC acquired a new stake in Pembina Pipeline in the 2nd quarter valued at about $33,000. Finally, Markowski Investments acquired a new stake in Pembina Pipeline in the 2nd quarter valued at about $54,000. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Trading Up 0.1%

PBA stock opened at $49.98 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 0.78. Pembina Pipeline has a 12-month low of $36.20 and a 12-month high of $51.58. The stock has a market cap of $29.07 billion, a price-to-earnings ratio of 24.50 and a beta of 0.62. The business’s 50-day moving average is $47.89 and its 200 day moving average is $46.20.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations 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 was up 20.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. On average, sell-side analysts anticipate that Pembina Pipeline will post 2.19 EPS for the current fiscal 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.