Pembina Pipeline (NYSE:PBA) Reaches New 12-Month High – Time to Buy?
by Scott Moore · The Cerbat GemPembina Pipeline Corp. (NYSE:PBA – Get Free Report) (TSE:PPL) hit a new 52-week high on Thursday . The stock traded as high as $46.42 and last traded at $46.3760, with a volume of 510579 shares changing hands. The stock had previously closed at $45.12.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on PBA shares. Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research note on Wednesday, April 8th. TD Securities reaffirmed a “hold” rating on shares of Pembina Pipeline in a research note on Wednesday, April 8th. Weiss Ratings raised shares of Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Hold” and an average price target of $60.00.
Read Our Latest Stock Analysis on Pembina Pipeline
Pembina Pipeline Stock Up 3.2%
The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The firm’s fifty day simple moving average is $44.24 and its 200 day simple moving average is $40.85. The stock has a market capitalization of $27.06 billion, a price-to-earnings ratio of 24.50 and a beta of 0.62.
Pembina Pipeline (NYSE:PBA – Get Free Report) (TSE:PPL) last released its quarterly earnings results on Thursday, February 26th. The pipeline company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. Pembina Pipeline had a net margin of 21.76% and a return on equity of 11.17%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The business’s quarterly revenue was down 10.8% compared to the same quarter last year. On average, sell-side analysts forecast that Pembina Pipeline Corp. will post 2.18 earnings per share for the current year.
Pembina Pipeline Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Monday, March 16th. Pembina Pipeline’s payout ratio is currently 109.47%.
Institutional Investors Weigh In On Pembina Pipeline
Institutional investors have recently added to or reduced their stakes in the stock. Tobam bought a new stake in Pembina Pipeline in the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd bought a new stake in Pembina Pipeline in the 3rd quarter valued at $31,000. Westside Investment Management Inc. lifted its position in Pembina Pipeline by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 404 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Pembina Pipeline in the 4th quarter valued at $36,000. Finally, Physician Wealth Advisors Inc. lifted its position in Pembina Pipeline by 441.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 750 shares in the last quarter. 55.37% of the stock is owned by 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.