Pembina Pipeline (NYSE:PBA – Get Rating) (TSE:PPL) was upgraded by TheStreet investment analysts from a “c” rating to a “b-” rating in a report released on Wednesday, TheStreetRatingsTable reports.
Several other stock analysts have also recently commented on the PBA. StockNews.com began covering Pembina Pipeline in a report on Thursday, March 31. They have set a “holding” rating on the stock. Credit Suisse Group upgraded shares of Pembina Pipeline from a “neutral” rating to an “outperforming” rating in a report released Monday, April 11. TD Securities raised its price target on Pembina Pipeline shares from C$50.00 to C$54.00 in a Monday, May 9 report. Scotiabank raised its price target on Pembina Pipeline shares from C$54.00 to C$55.00 in a Friday, May 6 research note. Finally, National Bank Financial raised its price target on Pembina Pipeline shares from C$45.00 to C$48.00 in a Monday, May 9 research report. Four analysts gave the stock a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Buy” and an average price target of $51.11.
NYSE: PBA opened at $39.77 on Wednesday. The stock has a market capitalization of $22.04 billion, a price/earnings ratio of 21.85, a PEG ratio of 5.77 and a beta of 1.25. The company has a debt ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.55. Pembina Pipeline has a 1-year low of $28.89 and a 1-year high of $41.21. The company has a fifty-day moving average of $38.46 and a 200-day moving average of $34.35.
Pembina Pipeline (NYSE:PBA – Get Rating) (TSE:PPL) last released quarterly earnings data on Thursday, May 5. The pipeline company reported earnings per share (EPS) of $0.64 for the quarter, beating the consensus estimate of $0.57 by $0.07. Pembina Pipeline had a net margin of 14.46% and a return on equity of 11.71%. The company had revenue of $2.40 billion in the quarter. On average, equity research analysts expect Pembina Pipeline to post an EPS of 2.27 for the current year.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Morgan Stanley increased its stake in Pembina Pipeline by 74.2% in the second quarter. Morgan Stanley now owns 1,216,477 shares of the pipeline company valued at $38,648,000 after buying an additional 518,045 shares last quarter. Alliancebernstein LP increased its position in Pembina Pipeline shares by 16.7% during the third quarter. Alliancebernstein LP now owns 96,517 shares of the pipeline company valued at $3,059,000 after purchasing an additional 13,802 shares last quarter. US Bancorp DE increased its stake in Pembina Pipeline shares by 39.1% in Q3. US Bancorp DE now owns 2,581 shares of the pipeline company worth $82,000 after acquiring 726 more shares last quarter. Mercer Global Advisors Inc. ADV increased its position in Pembina Pipeline shares by 13.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 11,450 shares of the pipeline company worth $363,000 after buying 1,333 additional shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Pembina Pipeline by 12.7% in the third quarter. Geode Capital Management LLC now owns 1,514,258 shares of the pipeline company worth $48,229,000 after acquiring an additional 171,200 shares in the last quarter. 55.44% of the shares are currently held by institutional investors.
About the Pembina Pipeline (Get a rating)
Pembina Pipeline Corporation provides transportation and midstream services to the energy industry. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil assets, as well as transportation assets with a transportation capacity of 3.1 million barrels of oil equivalent per day, ground storage of 11 million barrels and a rail terminal capacity of approximately 105 thousand barrels of oil. equivalent per day serving markets and basins across North America.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Pembina Pipeline right now?
Before you consider Pembina Pipeline, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes big…and Pembina Pipeline wasn’t on the list.
Although Pembina Pipeline currently has a “buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here