Pembina Pipeline Corp (PBA) Receives $42.75 Consensus Price Target from Brokerages

Pembina Pipeline Corp (PBA) Receives $42.75 Consensus Price Target from Brokerages

Shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) have earned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the company. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $42.75.

Several research firms have weighed in on PBA. Desjardins cut Pembina Pipeline Corp from a “top pick” rating to a “buy” rating in a research report on Monday, February 27th. Zacks Investment Research raised Pembina Pipeline Corp from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Saturday, April 8th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Pembina Pipeline Corp in a research report on Wednesday. Finally, National Bank Financial raised Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research report on Tuesday.

Several hedge funds have recently modified their holdings of the company. Spark Investment Management LLC boosted its stake in shares of Pembina Pipeline Corp by 300.0% in the third quarter. Spark Investment Management LLC now owns 208,000 shares of the pipeline company’s stock worth $6,335,000 after buying an additional 156,000 shares in the last quarter. BB&T Securities LLC bought a new stake in shares of Pembina Pipeline Corp during the third quarter worth approximately $302,000. Schroder Investment Management Group boosted its stake in shares of Pembina Pipeline Corp by 204.5% in the third quarter. Schroder Investment Management Group now owns 251,210 shares of the pipeline company’s stock worth $10,043,000 after buying an additional 168,716 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Pembina Pipeline Corp by 7,282.3% in the third quarter. Sei Investments Co. now owns 24,583 shares of the pipeline company’s stock worth $749,000 after buying an additional 24,250 shares in the last quarter. Finally, Davis Rea LTD. boosted its stake in shares of Pembina Pipeline Corp by 1.7% in the third quarter. Davis Rea LTD. now owns 37,313 shares of the pipeline company’s stock worth $1,142,000 after buying an additional 640 shares in the last quarter. 46.14% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Corp (NYSE:PBA) traded up 3.21% during trading on Monday, hitting $31.85. The stock had a trading volume of 445,669 shares. The stock has a market capitalization of $12.71 billion, a P/E ratio of 42.52 and a beta of 0.72. The company has a 50-day moving average of $32.17 and a 200-day moving average of $31.28. Pembina Pipeline Corp has a 52 week low of $27.44 and a 52 week high of $33.52.

Pembina Pipeline Corp (NYSE:PBA) last posted its quarterly earnings data on Thursday, February 23rd. The pipeline company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Pembina Pipeline Corp had a return on equity of 6.96% and a net margin of 10.94%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. On average, equities analysts expect that Pembina Pipeline Corp will post $1.23 earnings per share for the current fiscal year.

The business also recently declared a apr 17 dividend, which will be paid on Monday, May 15th. Stockholders of record on Tuesday, April 25th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, April 21st. This represents a dividend yield of 4.78%. Pembina Pipeline Corp’s dividend payout ratio is currently 181.01%.

Pembina Pipeline Corp Company Profile

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

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