Pembina Pipeline Corp. (NYSE:PBA)‘s stock had its “buy” rating reaffirmed by investment analysts at TD Securities in a report issued on Tuesday. They currently have a $46.00 price objective on the stock, up from their prior price objective of $44.00. TD Securities’ target price would suggest a potential upside of 55.67% from the company’s current price.

A number of other brokerages also recently commented on PBA. Zacks Investment Research upgraded Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 11th. National Bank Financial downgraded Pembina Pipeline Corp. from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 18th. Scotiabank reiterated an “outperform” rating and set a $44.00 price objective on shares of Pembina Pipeline Corp. in a research report on Wednesday, August 10th. JPMorgan Chase & Co. started coverage on Pembina Pipeline Corp. in a research report on Thursday, October 13th. They set an “overweight” rating on the stock. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $45.00 price objective (up previously from $42.00) on shares of Pembina Pipeline Corp. in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.92.

Analyst Recommendations for Pembina Pipeline Corp. (NYSE:PBA)

Shares of Pembina Pipeline Corp. (NYSE:PBA) opened at 29.55 on Tuesday. Pembina Pipeline Corp. has a one year low of $17.88 and a one year high of $32.31. The firm has a 50 day moving average price of $30.46 and a 200 day moving average price of $30.05. The stock has a market capitalization of $11.58 billion, a PE ratio of 36.62 and a beta of 0.66.

Pembina Pipeline Corp. (NYSE:PBA) last released its earnings results on Thursday, November 3rd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $970 million for the quarter, compared to the consensus estimate of $1.09 billion. Pembina Pipeline Corp. had a return on equity of 6.96% and a net margin of 10.94%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. Analysts predict that Pembina Pipeline Corp. will post $0.84 earnings per share for the current fiscal year.

The company also recently disclosed a nov 16 dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a dividend yield of 4.91%. Pembina Pipeline Corp.’s payout ratio is presently 184.81%.

Several large investors have recently modified their holdings of the stock. K.J. Harrison & Partners Inc boosted its stake in shares of Pembina Pipeline Corp. by 0.7% in the second quarter. K.J. Harrison & Partners Inc now owns 8,270 shares of the company’s stock worth $250,000 after buying an additional 60 shares during the last quarter. Girard Partners LTD. boosted its stake in shares of Pembina Pipeline Corp. by 0.9% in the third quarter. Girard Partners LTD. now owns 11,631 shares of the company’s stock worth $354,000 after buying an additional 103 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Pembina Pipeline Corp. by 1.0% in the second quarter. Raymond James & Associates now owns 17,037 shares of the company’s stock worth $516,000 after buying an additional 171 shares during the last quarter. Cidel Asset Management Inc. boosted its stake in shares of Pembina Pipeline Corp. by 4.0% in the second quarter. Cidel Asset Management Inc. now owns 8,131 shares of the company’s stock worth $245,000 after buying an additional 316 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Pembina Pipeline Corp. by 3.2% in the third quarter. Ameriprise Financial Inc. now owns 11,484 shares of the company’s stock worth $349,000 after buying an additional 353 shares during the last quarter. 46.67% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Corp. Company Profile

Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.

5 Day Chart for NYSE:PBA

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