Pembina Pipeline (PBA) Announces Quarterly Earnings Results

Marco Green
February 24, 2018

The stock has decreased slightly in the last 12 months. About 2.03 million shares traded or 82.53% up from the average. Pembina Pipeline's dividend payout ratio is now 174.75%. CLSA maintained it with "Buy" rating and $63 target in Friday, September 23 report. We have $36.83 PT which if reached, will make NYSE:PBA worth $1.53 billion more. The stock increased 0.52% or $0.63 during the last trading session, reaching $121.05. About 9.28M shares traded. It has outperformed by 63.39% the S&P500.

Pembina Pipeline Corp now has $16.22B valuation. The company has market cap of 6.59 billion GBP. It operates through four divisions: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services, and Midstream. It has a 23.31 P/E ratio.

Among 5 analysts covering Pembina Pipeline (NYSE:PBA), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Pembina Pipeline had a return on equity of 8.36% and a net margin of 11.66%. The rating was downgraded by ational Bank Financial to "Sector Perform" on Monday, July 18. Finally, TD Securities upped their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a "buy" rating in a report on Monday, November 6th. Credit Suisse downgraded the shares of PBA in report on Monday, June 20 to "Neutral" rating.

More important recent Pembina Pipeline Corporation (NYSE:PBA) news were published by: Business.Financialpost.com which released: "Pembina Pipeline's new objective: Get Canada's oil and gas to the rest of the world" on February 16, 2018, also Nasdaq.com published article titled: "Pembina Pipeline Corp". RBC Capital Markets maintained it with "Outperform" rating and $45.0 target in Monday, August 10 report. National Bank Financial now has an outperform rating on the stock.

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.14, from 0.98 in 2017Q2. 14 funds opened positions while 37 raised stakes. Pittenger & Anderson accumulated 0.03% or 2,350 shares. D E Shaw & Co has 191,550 shares for 0.01% of their portfolio. Gamble Jones Counsel accumulated 6,000 shares or 0.04% of the stock. Northern Tru Corporation holds 394,976 shares. Swift Run Mgmt Ltd Liability invested 0.1% of its portfolio in Citigroup Inc. Neuberger Berman Grp Inc Ltd Liability reported 100,604 shares or 0% of all its holdings. Alyeska Gp L P, a Illinois-based fund reported 1.29M shares. (NASDAQ:NNBR) for 10,000 shares. Wetherby Asset Inc has invested 0.04% in Pembina Pipeline Corporation (TSE:PPL). (NASDAQ:NNBR). First Advsr Limited Partnership reported 15,100 shares. Savant Cap Lc has invested 0.08% of its portfolio in Monsanto Company (NYSE:MON).

Other large investors also recently added to or reduced their stakes in the company.

Among 7 analysts covering VEREIT (VER), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive.

PBA has been the subject of a number of recent analyst reports. The stock of VEREIT, Inc. (NASDAQ:NNBR) has "Sell" rating given on Friday, August 28 by Zacks. The firm has "Hold" rating by Vetr given on Monday, August 24. Mizuho initiated VEREIT, Inc. As per Friday, November 20, the company rating was maintained by RBC Capital Markets. Scotia Capital maintained it with "Outperform" rating and $44 target in Friday, February 24 report. The company was maintained on Friday, February 23 by JMP Securities. The firm has "Overweight" rating by JP Morgan given on Thursday, October 13. Lake Street initiated NN, Inc.

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