Pembina Pipeline (NYSE:PBA) Research Coverage Started at Raymond James

Raymond James assumed coverage on shares of Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL in a report released on Friday, StockNewsAPI reports. The firm set an "outperform" rating on the pipeline company's stock.

Several other research analysts have also weighed in on the company. Citigroup upped their price target on Pembina Pipeline from $53.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, August 28th. UBS Group began coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They set a "neutral" rating for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $56.50.

Pembina Pipeline Stock Performance

Shares of NYSE PBA traded up $0.37 during trading on Friday, reaching $42.73. The stock had a trading volume of 890,954 shares, compared to its average volume of 1,156,001. Pembina Pipeline has a one year low of $30.05 and a one year high of $42.90. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.68. The stock has a market cap of $24.79 billion, a PE ratio of 17.83, a P/E/G ratio of 5.86 and a beta of 1.25. The firm's 50 day moving average price is $40.23 and its two-hundred day moving average price is $37.81.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.21. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.44 billion. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The firm's quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. On average, research analysts forecast that Pembina Pipeline will post 2.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning raised its stake in Pembina Pipeline by 3.4% in the 3rd quarter. Creative Planning now owns 73,995 shares of the pipeline company's stock valued at $3,052,000 after acquiring an additional 2,419 shares during the period. CWM LLC increased its position in Pembina Pipeline by 38.7% during the 3rd quarter. CWM LLC now owns 7,874 shares of the pipeline company's stock worth $325,000 after buying an additional 2,198 shares during the period. SL Advisors LLC increased its position in Pembina Pipeline by 3.9% during the 3rd quarter. SL Advisors LLC now owns 26,577 shares of the pipeline company's stock worth $1,096,000 after buying an additional 987 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in Pembina Pipeline by 55.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,600,000 shares of the pipeline company's stock worth $59,373,000 after buying an additional 570,000 shares during the period. Finally, Clearbridge Investments LLC increased its position in Pembina Pipeline by 2,256.3% during the 2nd quarter. Clearbridge Investments LLC now owns 649,778 shares of the pipeline company's stock worth $24,094,000 after buying an additional 622,202 shares during the period. 55.37% of the stock is currently owned by institutional investors and hedge funds.

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.