Pembina Pipeline (NYSE:PBA) Receives New Coverage from Analysts at UBS Group

Investment analysts at UBS Group started coverage on shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) in a research note issued on Wednesday, Briefing.com reports. The firm set a “neutral” rating on the pipeline company’s stock.

A number of other equities research analysts have also weighed in on the stock. Citigroup raised their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Scotiabank downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Trading Down 0.8 %

Shares of PBA opened at $40.61 on Wednesday. Pembina Pipeline has a 12 month low of $28.15 and a 12 month high of $41.21. The stock’s 50-day moving average is $38.67 and its two-hundred day moving average is $36.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.68 and a quick ratio of 0.55. The stock has a market cap of $23.56 billion, a PE ratio of 17.66, a P/E/G ratio of 5.70 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.54 by $0.21. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company posted $0.45 EPS. Pembina Pipeline’s revenue for the quarter was up 30.5% on a year-over-year basis. Equities analysts forecast that Pembina Pipeline will post 2.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC bought a new stake in shares of Pembina Pipeline in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC increased its holdings in Pembina Pipeline by 74.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after buying an additional 462 shares during the last quarter. Beacon Capital Management LLC acquired a new stake in Pembina Pipeline during the first quarter valued at approximately $37,000. Creekmur Asset Management LLC bought a new position in Pembina Pipeline during the 4th quarter worth approximately $62,000. Finally, Mather Group LLC. acquired a new position in shares of Pembina Pipeline in the 1st quarter worth approximately $88,000. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.