TD Securities Cuts Pembina Pipeline (NYSE:PBA) Price Target to $60.00

by · The Markets Daily

Pembina Pipeline (NYSE:PBA – Free Report) (TSE:PPL) had its price objective decreased by TD Securities from $65.00 to $60.00 in a report released on Tuesday,Benzinga reports. TD Securities currently has a buy rating on the pipeline company’s stock.

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

View Our Latest Stock Report on Pembina Pipeline

Pembina Pipeline Stock Performance

NYSE:PBA opened at $36.78 on Tuesday. Pembina Pipeline has a 1 year low of $34.13 and a 1 year high of $42.40. The firm’s fifty day simple moving average is $38.28 and its 200 day simple moving average is $38.03. The company has a current ratio of 0.53, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $21.37 billion, a PE ratio of 18.39 and a beta of 0.63.

Pembina Pipeline (NYSE:PBA – Get Free Report) (TSE:PPL) last released its earnings results on Thursday, November 6th. The pipeline company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14). Pembina Pipeline had a return on equity of 11.59% and a net margin of 22.17%.The firm had revenue of $911.47 million for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm earned $0.60 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Pembina Pipeline will post 2.15 EPS for the current year.

Pembina Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.84 annualized dividend and a yield of 7.7%. Pembina Pipeline’s dividend payout ratio is 101.50%.

Institutional Trading of Pembina Pipeline

Several institutional investors have recently modified their holdings of PBA. Larson Financial Group LLC raised its stake in shares of Pembina Pipeline by 32.4% in the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock valued at $43,000 after purchasing an additional 259 shares in the last quarter. Mediolanum International Funds Ltd increased its holdings in Pembina Pipeline by 2.0% in the 2nd quarter. Mediolanum International Funds Ltd now owns 14,760 shares of the pipeline company’s stock valued at $551,000 after buying an additional 293 shares during the period. MAI Capital Management raised its stake in shares of Pembina Pipeline by 2.9% in the 2nd quarter. MAI Capital Management now owns 10,664 shares of the pipeline company’s stock valued at $400,000 after buying an additional 302 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Pembina Pipeline by 8.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,774 shares of the pipeline company’s stock valued at $142,000 after buying an additional 307 shares in the last quarter. Finally, Midwest Professional Planners LTD. lifted its holdings in shares of Pembina Pipeline by 1.9% during the 2nd quarter. Midwest Professional Planners LTD. now owns 16,890 shares of the pipeline company’s stock worth $634,000 after acquiring an additional 312 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

About Pembina Pipeline

(Get Free Report)

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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