Pembina Pipeline (NYSE:PBA) Shares Pass Above 200-Day Moving Average – What’s Next?
by Teresa Graham · The Cerbat GemShares of Pembina Pipeline Corp. (NYSE:PBA – Get Free Report) (TSE:PPL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.37 and traded as high as $44.63. Pembina Pipeline shares last traded at $44.5860, with a volume of 1,407,644 shares changing hands.
Analysts Set New Price Targets
PBA has been the subject of a number of recent research reports. 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 lowered Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. increased their price target on Pembina Pipeline from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Zacks Research raised Pembina Pipeline from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.00.
View Our Latest Stock Analysis on Pembina Pipeline
Pembina Pipeline Stock Performance
The stock’s 50-day moving average is $43.83 and its 200 day moving average is $40.41. The stock has a market cap of $25.92 billion, a price-to-earnings ratio of 23.47 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47.
Pembina Pipeline (NYSE:PBA – Get Free Report) (TSE:PPL) last released its earnings results on Thursday, February 26th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Pembina Pipeline had a return on equity of 11.17% and a net margin of 21.76%.The firm’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. As a group, analysts predict that Pembina Pipeline Corp. will post 2.15 earnings per share for the current fiscal year.
Pembina Pipeline Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $0.71 dividend. The ex-dividend date was Monday, March 16th. This represents a $2.84 annualized dividend and a yield of 6.4%. Pembina Pipeline’s dividend payout ratio is presently 109.47%.
Institutional Investors Weigh In On Pembina Pipeline
Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its holdings in shares of Pembina Pipeline by 1.0% in the 4th quarter. Empowered Funds LLC now owns 24,449 shares of the pipeline company’s stock valued at $931,000 after purchasing an additional 248 shares in the last quarter. Larson Financial Group LLC grew its position in Pembina Pipeline by 32.4% during the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after buying an additional 259 shares during the period. Ethic Inc. increased its holdings in Pembina Pipeline by 2.0% in the fourth quarter. Ethic Inc. now owns 14,150 shares of the pipeline company’s stock valued at $539,000 after buying an additional 278 shares in the last quarter. PFG Investments LLC increased its holdings in Pembina Pipeline by 2.5% in the third quarter. PFG Investments LLC now owns 13,000 shares of the pipeline company’s stock valued at $526,000 after buying an additional 313 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Pembina Pipeline by 0.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 56,339 shares of the pipeline company’s stock valued at $2,278,000 after acquiring an additional 335 shares during the period. 55.37% of the stock is currently owned by hedge funds and other 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.