Pembina Pipeline Corp. (NYSE:PBA) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Pembina Pipeline, with five buy ratings and four holds. The average 12-month price target is $64, compared with the stock’s recent price of $48.42.
• Pembina reported quarterly EPS of $0.48, slightly below the $0.49 consensus estimate, while revenue of $1.07 billion also fell short of expectations despite rising 20.1% year over year.
• The company declared a quarterly dividend of $0.735 per share, equivalent to an annualized $2.94 and a 6.1% yield; institutional investors own 55.37% of the stock.

Shares of Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL have received a consensus rating of "Moderate Buy" from the nine brokerages that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $64.00.

PBA has been the subject of a number of research reports. TD Securities reaffirmed a "buy" rating on shares of Pembina Pipeline in a research note on Thursday, July 16th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Pembina Pipeline in a research note on Friday, July 31st. Royal Bank Of Canada lifted their target price on Pembina Pipeline from $64.00 to $68.00 and gave the stock an "outperform" rating in a report on Monday, May 11th. Barclays reiterated an "overweight" rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Finally, Weiss Ratings raised shares of Pembina Pipeline from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new stake in shares of Pembina Pipeline during the 1st quarter valued at $25,000. Tobam acquired a new stake in shares of Pembina Pipeline during the fourth quarter valued at approximately $28,000. Dunhill Financial LLC purchased a new stake in shares of Pembina Pipeline in the 2nd quarter valued at approximately $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Pembina Pipeline in the second quarter worth $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Pembina Pipeline during the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Stock Down 0.4%

PBA stock opened at $48.42 on Friday. Pembina Pipeline has a 52 week low of $36.20 and a 52 week high of $51.58. The company has a market capitalization of $28.16 billion, a price-to-earnings ratio of 23.74 and a beta of 0.58. The firm's 50-day moving average is $48.77 and its two-hundred day moving average is $46.77. 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 (NYSE:PBA - Get Free Report) TSE: PPL last posted its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business earned $0.65 earnings per share. The company's revenue was up 20.1% on a year-over-year basis. On average, analysts forecast that Pembina Pipeline will post 2.23 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.735 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.94 annualized dividend and a yield of 6.1%. Pembina Pipeline's dividend payout ratio is currently 104.41%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation NYSE: PBA is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company's asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.

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