Pembina Pipeline Co. (NYSE:PBA – Get Free Report) (TSE:PPL) has earned an average recommendation of “Hold” from the three research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $44.75.
A number of equities analysts have issued reports on the company. StockNews.com cut Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday, May 13th. CIBC lifted their target price on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a report on Friday, April 19th. Finally, Scotiabank cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th.
Check Out Our Latest Stock Analysis on Pembina Pipeline
Institutional Inflows and Outflows
Pembina Pipeline Price Performance
Shares of PBA stock opened at $37.18 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 0.78. Pembina Pipeline has a twelve month low of $28.15 and a twelve month high of $37.90. The company has a market cap of $21.56 billion, a P/E ratio of 16.17, a P/E/G ratio of 5.33 and a beta of 1.25. The business has a fifty day simple moving average of $36.73 and a 200 day simple moving average of $35.39.
Pembina Pipeline (NYSE:PBA – Get Free Report) (TSE:PPL) last issued its earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, sell-side analysts forecast that Pembina Pipeline will post 2.33 EPS for the current fiscal year.
Pembina Pipeline Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were given a dividend of $0.501 per share. The ex-dividend date was Monday, June 17th. This represents a $2.00 dividend on an annualized basis and a yield of 5.39%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.49. Pembina Pipeline’s dividend payout ratio is 86.96%.
About Pembina Pipeline
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.
See Also
- Five stocks we like better than Pembina Pipeline
- How to Evaluate a Stock Before BuyingÂ
- 3 Insider-Buy Stocks to Add to Your Watchlist Now
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Commvault Stock: AI Cybersecurity Giant Ready to Double Again
- What are earnings reports?
- Intuit Stock Ready to Soar: RBC Sees Big Upside with GenAI
Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.