Pembina Pipeline Corp. (NYSE:PBA) Receives $60.00 Average Price Target from Analysts

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have earned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $60.00.

Several brokerages recently commented on PBA. TD Securities cut Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Pembina Pipeline in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd.

Hedge Funds Weigh In On Pembina Pipeline

A number of hedge funds and other institutional investors have recently bought and sold shares of PBA. Caitong International Asset Management Co. Ltd bought a new stake in Pembina Pipeline in the third quarter valued at approximately $31,000. Westside Investment Management Inc. increased its holdings in shares of Pembina Pipeline by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 404 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Pembina Pipeline in the 4th quarter valued at $36,000. Physician Wealth Advisors Inc. lifted its holdings in Pembina Pipeline by 441.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 750 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Pembina Pipeline during the 3rd quarter valued at $40,000. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Trading Up 0.3%

Pembina Pipeline stock opened at $44.25 on Wednesday. The company has a market cap of $25.71 billion, a price-to-earnings ratio of 22.12 and a beta of 0.68. The firm has a 50-day moving average of $40.08 and a 200-day moving average of $39.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.53 and a quick ratio of 0.41. Pembina Pipeline has a one year low of $34.13 and a one year high of $44.60.

About Pembina Pipeline

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.