Pembina Pipeline (NYSE:PBA) Sees Large Volume Increase - Time to Buy?

Key Points

• Pembina Pipeline shares saw a 48% surge in trading volume, with approximately 1.86 million shares changing hands, while the stock traded near $47.80.
• Analyst sentiment remains moderately positive: five analysts rate the stock a Buy and four rate it Hold, producing a “Moderate Buy” consensus and an average price target of $64.00.
• Pembina reported quarterly EPS of $0.48, slightly below the $0.49 estimate, while revenue rose 20.1% year over year to $1.07 billion. The company also declared a quarterly dividend of $0.735, representing a 6.2% annualized yield.

Shares of Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL saw strong trading volume on Monday . Approximately 1,861,426 shares changed hands during trading, an increase of 48% from the previous session's volume of 1,259,652 shares.The stock last traded at $47.7970 and had previously closed at $47.81.

Analysts Set New Price Targets

A number of analysts have commented on PBA shares. Wall Street Zen raised shares of Pembina Pipeline from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Pembina Pipeline in a research note on Friday, July 3rd. BMO Capital Markets reissued a "market perform" rating on shares of Pembina Pipeline in a research report on Friday, July 31st. Weiss Ratings raised Pembina Pipeline from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, September 3rd. Finally, Scotiabank downgraded Pembina Pipeline from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $64.00.

Pembina Pipeline Stock Down 0.4%

The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average price of $49.00 and a 200-day moving average price of $46.96. The stock has a market capitalization of $27.70 billion, a P/E ratio of 23.36 and a beta of 0.58.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly 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). Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. The company's revenue for the quarter was up 20.1% on a year-over-year basis. As a group, research analysts forecast that Pembina Pipeline Corp. will post 2.23 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a $0.735 dividend. This represents a $2.94 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Pembina Pipeline's dividend payout ratio is 104.41%.

Institutional Trading of Pembina Pipeline

Institutional investors and hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC bought a new position in shares of Pembina Pipeline in the first quarter worth about $25,000. Tobam bought a new position in Pembina Pipeline in the 4th quarter worth about $28,000. Dunhill Financial LLC purchased a new position in shares of Pembina Pipeline during the second quarter worth approximately $31,000. N.E.W. Advisory Services LLC purchased a new position in shares of Pembina Pipeline during the second quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Pembina Pipeline during the third quarter worth approximately $31,000. 55.37% of the stock is currently owned by institutional investors.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, the company develops and operates infrastructure that transports and processes hydrocarbons produced primarily in Western Canada.

Pembina's operations include conventional and oil sands pipelines, natural gas gathering and processing facilities, fractionation and storage assets, and terminals for hydrocarbon liquids. Its infrastructure supports the movement of crude oil, condensate, natural gas, propane, butane and other natural gas liquids from producing regions to domestic and international markets.

The company also provides marketing, logistics and related midstream services and is pursuing opportunities tied to liquefied natural gas and other energy exports.

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