TD Securities Lowers Pembina Pipeline (NYSE:PBA) Price Target to $60.00

Pembina Pipeline (NYSE:PBA) (TSE:PPL) had its target price decreased by equities research analysts at TD Securities from $65.00 to $60.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the pipeline company’s stock. TD Securities’ price objective would suggest a potential upside of 61.62% from the stock’s current price.

A number of other research firms have also commented on PBA. Weiss Ratings restated a “hold (c)” rating on shares of Pembina Pipeline in a research note on Monday, December 8th. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Pembina Pipeline Stock Performance

Pembina Pipeline stock traded down $1.42 during midday trading on Tuesday, hitting $37.13. The company’s stock had a trading volume of 857,338 shares, compared to its average volume of 1,364,570. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.53 and a quick ratio of 0.41. The company has a market cap of $21.57 billion, a price-to-earnings ratio of 18.56 and a beta of 0.63. Pembina Pipeline has a 1-year low of $34.13 and a 1-year high of $42.40. The company has a 50-day moving average price of $38.48 and a two-hundred day moving average price of $38.04.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, November 6th. The pipeline company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.14). Pembina Pipeline had a return on equity of 11.59% and a net margin of 22.17%.The business had revenue of $911.47 million for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Pembina Pipeline will post 2.15 earnings per share for the current year.

Institutional Investors Weigh In On Pembina Pipeline

A number of hedge funds have recently made changes to their positions in PBA. Caitong International Asset Management Co. Ltd bought a new position in Pembina Pipeline in the 3rd quarter valued at approximately $31,000. Westside Investment Management Inc. lifted its stake in shares of Pembina Pipeline by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 404 shares during the last quarter. Physician Wealth Advisors Inc. lifted its stake in shares of Pembina Pipeline by 441.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 750 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Pembina Pipeline during the 3rd quarter valued at $40,000. Finally, Larson Financial Group LLC grew its position in Pembina Pipeline by 32.4% during the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after acquiring an additional 259 shares during the last quarter. 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.