Pembina Pipeline Corp (PBA) Receives Consensus Rating of “Buy” from Analysts

Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) has received an average recommendation of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company.

A number of equities analysts have issued reports on the company. Macquarie reiterated a “buy” rating on shares of Pembina Pipeline in a research report on Tuesday, February 5th. Scotiabank reaffirmed a “buy” rating on shares of Pembina Pipeline in a report on Tuesday, February 5th. Zacks Investment Research raised Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, AltaCorp Capital reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Wednesday, February 13th.

Shares of PBA stock traded up $0.16 during mid-day trading on Friday, hitting $37.32. The stock had a trading volume of 8,307 shares, compared to its average volume of 611,166. Pembina Pipeline has a 12-month low of $28.30 and a 12-month high of $37.93. The stock has a market capitalization of $18.91 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 3.13 and a beta of 0.91. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.59.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, February 21st. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.18. Pembina Pipeline had a return on equity of 10.86% and a net margin of 16.90%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the company posted $0.83 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts predict that Pembina Pipeline will post 2 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, March 25th will be paid a dividend of $0.1429 per share. The ex-dividend date is Friday, March 22nd. This represents a $1.71 annualized dividend and a yield of 4.60%. Pembina Pipeline’s dividend payout ratio (DPR) is 97.74%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Phocas Financial Corp. purchased a new stake in shares of Pembina Pipeline in the 4th quarter valued at about $28,000. Bremer Trust National Association purchased a new position in shares of Pembina Pipeline during the 4th quarter worth $32,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Pembina Pipeline during the 4th quarter worth $33,000. Bruderman Asset Management LLC purchased a new position in shares of Pembina Pipeline during the 4th quarter worth $48,000. Finally, Enlightenment Research LLC purchased a new position in shares of Pembina Pipeline during the 4th quarter worth $53,000. 51.88% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Pembina Pipeline (NYSE:PBA)

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