Pembina Pipeline (NYSE:PBA) Now Covered by Analysts at UBS Group

UBS Group initiated coverage on shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage set a “neutral” rating on the pipeline company’s stock.

Other equities analysts have also issued research reports about the company. Citigroup increased 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. Scotiabank cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 19th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Stock Performance

Shares of PBA opened at $40.80 on Wednesday. Pembina Pipeline has a 12-month low of $28.15 and a 12-month high of $41.21. The stock has a market capitalization of $23.66 billion, a P/E ratio of 17.74, a P/E/G ratio of 5.70 and a beta of 1.25. The firm’s 50 day moving average is $38.79 and its 200-day moving average is $36.92. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.68 and a quick ratio of 0.55.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.44 billion. The firm’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. Equities research analysts anticipate that Pembina Pipeline will post 2.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Pembina Pipeline

Large investors have recently made changes to their positions in the business. ICA Group Wealth Management LLC acquired a new position in shares of Pembina Pipeline in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC increased its position in Pembina Pipeline by 74.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 462 shares during the last quarter. Beacon Capital Management LLC purchased a new stake in shares of Pembina Pipeline during the 1st quarter worth about $37,000. Creekmur Asset Management LLC purchased a new stake in shares of Pembina Pipeline during the 4th quarter worth about $62,000. Finally, Mather Group LLC. acquired a new stake in shares of Pembina Pipeline during the 1st quarter valued at about $88,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

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.