TD Securities Issues Pessimistic Forecast for Pembina Pipeline (NYSE:PBA) Stock Price

Key Points

• TD Securities cut its price target on Pembina Pipeline to $60 (from $65) but kept a "buy" rating — the new target implies about a 61.62% upside from the current share price.
• Pembina missed quarterly estimates, reporting $0.31 EPS vs. $0.45 expected and revenue of $911.5M vs. $1.42B expected, and its shares traded around $37.13 (near the 52‑week low of $34.13).
• Analysts' consensus is a "Moderate Buy" with an average price target of $60; the company has a market cap of $21.57B and a P/E of 18.56.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL had its target price cut by equities research analysts at TD Securities from $65.00 to $60.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the pipeline company's stock. TD Securities' price target indicates a potential upside of 61.62% from the company's current price.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets reiterated an "outperform" rating on shares of Pembina Pipeline in a research report on Tuesday. Weiss Ratings restated a "hold (c)" rating on shares of Pembina Pipeline in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Pembina Pipeline presently has an average rating of "Moderate Buy" and an average price target of $60.00.

Pembina Pipeline Price Performance

Shares of NYSE:PBA traded down $1.42 during midday trading on Tuesday, reaching $37.13. The company's stock had a trading volume of 857,338 shares, compared to its average volume of 1,364,570. The business's fifty day simple moving average is $38.48 and its 200-day simple moving average is $38.04. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.53 and a quick ratio of 0.41. Pembina Pipeline has a fifty-two week low of $34.13 and a fifty-two week high of $42.40. The company has a market capitalization of $21.57 billion, a P/E ratio of 18.56 and a beta of 0.63.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings data on Thursday, November 6th. The pipeline company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.14). The company had revenue of $911.47 million for the quarter, compared to the consensus estimate of $1.42 billion. Pembina Pipeline had a return on equity of 11.59% and a net margin of 22.17%.The firm's revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. As a group, equities research analysts expect that Pembina Pipeline will post 2.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Swiss Life Asset Management Ltd increased its holdings in shares of Pembina Pipeline by 18.8% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 73,279 shares of the pipeline company's stock worth $2,967,000 after acquiring an additional 11,618 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Pembina Pipeline in the third quarter valued at $10,873,000. Tcfg Wealth Management LLC increased its holdings in shares of Pembina Pipeline by 9.0% in the third quarter. Tcfg Wealth Management LLC now owns 11,134 shares of the pipeline company's stock valued at $451,000 after purchasing an additional 920 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Pembina Pipeline in the third quarter valued at about $31,000. Finally, Advisory Services Network LLC bought a new stake in shares of Pembina Pipeline during the 3rd quarter worth about $69,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Company Profile

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.

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.