Pembina Pipeline Co. (NYSE:PBA) Receives $56.50 Consensus PT from Analysts

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been given an average rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $56.50.

Several research analysts recently commented on the company. Barclays initiated coverage on Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating on the stock. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, TD Securities initiated coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating on the stock.

Hedge Funds Weigh In On Pembina Pipeline

Institutional investors have recently modified their holdings of the company. Kingsview Wealth Management LLC raised its stake in Pembina Pipeline by 4.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock worth $286,000 after buying an additional 273 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Pembina Pipeline by 11.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company’s stock valued at $108,000 after purchasing an additional 308 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of Pembina Pipeline by 65.0% in the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 325 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Pembina Pipeline by 1.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock worth $770,000 after purchasing an additional 334 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Pembina Pipeline by 1.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company’s stock worth $846,000 after buying an additional 348 shares during the period. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at $36.66 on Friday. Pembina Pipeline has a 12-month low of $32.81 and a 12-month high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The company has a market capitalization of $21.29 billion, a price-to-earnings ratio of 15.15 and a beta of 1.25. The firm’s fifty day moving average price is $37.28 and its 200 day moving average price is $39.57.

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.