Pembina Pipeline Corp (PBA) Given Average Recommendation of “Buy” by Analysts

Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) has earned a consensus rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company.

A number of research firms have issued reports on PBA. Zacks Investment Research raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Wednesday. Macquarie reaffirmed a “buy” rating on shares of Pembina Pipeline in a research note on Tuesday, February 5th. Scotiabank reaffirmed a “buy” rating on shares of Pembina Pipeline in a research note on Tuesday, February 5th. Credit Suisse Group raised shares of Pembina Pipeline from a “neutral” rating to an “outperform” rating in a research note on Friday, November 16th. Finally, Raymond James reaffirmed a “buy” rating on shares of Pembina Pipeline in a research note on Tuesday, November 6th.

Several large investors have recently modified their holdings of PBA. Bremer Trust National Association acquired a new stake in Pembina Pipeline during the fourth quarter valued at approximately $32,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Pembina Pipeline during the fourth quarter valued at approximately $33,000. Bruderman Asset Management LLC acquired a new stake in Pembina Pipeline during the fourth quarter valued at approximately $48,000. Enlightenment Research LLC acquired a new stake in Pembina Pipeline during the fourth quarter valued at approximately $53,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Pembina Pipeline during the third quarter valued at approximately $100,000. 49.02% of the stock is owned by institutional investors.

Pembina Pipeline stock opened at $35.97 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.61. The stock has a market cap of $18.10 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 2.87 and a beta of 0.92. Pembina Pipeline has a 52-week low of $28.30 and a 52-week high of $36.84.

The business also recently declared a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, February 25th will be paid a $0.145 dividend. This is a positive change from Pembina Pipeline’s previous monthly dividend of $0.14. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Friday, February 22nd. Pembina Pipeline’s dividend payout ratio is currently 125.56%.

About Pembina Pipeline

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.

See Also: Understanding Price to Earnings Ratio (PE)

Analyst Recommendations for Pembina Pipeline (NYSE:PBA)

Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply