Pembina Pipeline (NYSE:PBA) Upgraded at National Bank Financial

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL was upgraded by equities research analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.

Several other research analysts have also commented on PBA. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Finally, National Bankshares upgraded shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Pembina Pipeline Stock Performance

NYSE:PBA opened at $37.90 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.75. Pembina Pipeline has a twelve month low of $34.13 and a twelve month high of $43.44. The stock has a market cap of $22.01 billion, a P/E ratio of 17.15 and a beta of 0.76. The firm's fifty day simple moving average is $37.81 and its 200 day simple moving average is $37.53.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings data on Thursday, May 8th. The pipeline company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.57 by $0.23. Pembina Pipeline had a net margin of 23.73% and a return on equity of 12.61%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the business earned $0.73 EPS. The company's revenue for the quarter was up 48.2% on a year-over-year basis. As a group, research analysts predict that Pembina Pipeline will post 2.15 EPS for the current year.

Institutional Trading of Pembina Pipeline

A number of hedge funds and other institutional investors have recently modified their holdings of PBA. Principal Securities Inc. grew its position in shares of Pembina Pipeline by 2,597.1% in the 4th quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock worth $34,000 after buying an additional 883 shares during the period. Bank of New York Mellon Corp grew its position in shares of Pembina Pipeline by 8.3% in the 4th quarter. Bank of New York Mellon Corp now owns 496,084 shares of the pipeline company's stock worth $18,330,000 after buying an additional 38,140 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Pembina Pipeline by 4.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,521 shares of the pipeline company's stock worth $721,000 after buying an additional 846 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Pembina Pipeline by 17.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 8,084 shares of the pipeline company's stock worth $299,000 after buying an additional 1,188 shares during the period. Finally, US Bancorp DE grew its position in shares of Pembina Pipeline by 10.2% in the 4th quarter. US Bancorp DE now owns 12,303 shares of the pipeline company's stock worth $455,000 after buying an additional 1,142 shares during the period. 55.37% of the stock is owned by hedge funds and other institutional investors.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.

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