Pembina Pipeline (NYSE:PBA) Upgraded at Wall Street Zen

Key Points

• Pembina Pipeline was upgraded by Wall Street Zen from “sell” to “hold”, adding to a generally neutral analyst view of the stock.
• The company’s latest quarterly results beat expectations, with EPS of $0.59 versus a $0.52 estimate and revenue of $1.11 billion versus $1.06 billion forecast.
• PBA shares were up 1.7% and recently traded near their 52-week high, while analysts currently have an average “Hold” rating and a consensus price target of $60.00.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday.

A number of other equities analysts have also commented on PBA. Zacks Research upgraded shares of Pembina Pipeline from a "strong sell" rating to a "hold" rating in a report on Friday, January 23rd. Weiss Ratings raised Pembina Pipeline from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 2nd. TD Securities reiterated a "hold" rating on shares of Pembina Pipeline in a research note on Wednesday, April 8th. BMO Capital Markets reissued a "market perform" rating on shares of Pembina Pipeline in a report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Pembina Pipeline from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Pembina Pipeline presently has an average rating of "Hold" and a consensus target price of $60.00.

Pembina Pipeline Trading Up 1.7%

PBA opened at $45.72 on Friday. The firm's 50 day moving average is $44.38 and its 200-day moving average is $41.07. Pembina Pipeline has a 52-week low of $35.45 and a 52-week high of $46.73. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $26.58 billion, a P/E ratio of 23.81 and a beta of 0.58.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its earnings results on Thursday, May 7th. The pipeline company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.07. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. Pembina Pipeline had a net margin of 22.22% and a return on equity of 11.52%. The business's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. Analysts expect that Pembina Pipeline will post 2.18 EPS for the current fiscal year.

Institutional Trading of Pembina Pipeline

Several hedge funds and other institutional investors have recently bought and sold shares of PBA. Tobam bought a new position in Pembina Pipeline during the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Pembina Pipeline in the 3rd quarter worth approximately $31,000. Westside Investment Management Inc. increased its holdings in shares of Pembina Pipeline by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 404 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Pembina Pipeline during the 4th quarter valued at approximately $36,000. Finally, Physician Wealth Advisors Inc. raised its position in shares of Pembina Pipeline by 441.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company's stock valued at $37,000 after acquiring an additional 750 shares in the last quarter. 55.37% of the stock is owned by institutional investors.

About Pembina Pipeline

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.