Pembina Pipeline (NYSE:PBA) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.10 and traded as high as $39.73. Pembina Pipeline shares last traded at $39.70, with a volume of 1,045,028 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PBA. BMO Capital Markets reiterated an “outperform” rating on shares of Pembina Pipeline in a report on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pembina Pipeline in a research note on Monday, December 29th. Zacks Research lowered Pembina Pipeline from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 24th. Finally, TD Securities lowered their target price on Pembina Pipeline from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Pembina Pipeline has an average rating of “Moderate Buy” and an average target price of $60.00.

Pembina Pipeline Stock Performance

The company has a quick ratio of 0.41, a current ratio of 0.53 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $38.27 and a 200-day moving average price of $38.13. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 20.26 and a beta of 0.66.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, November 6th. The pipeline company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14). The firm had revenue of $911.47 million during the quarter, compared to analysts’ expectations of $1.42 billion. Pembina Pipeline had a net margin of 22.17% and a return on equity of 11.59%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. On average, analysts expect that Pembina Pipeline Corp. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Monday, December 15th. Pembina Pipeline’s dividend payout ratio is currently 101.50%.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBA. AQR Capital Management LLC acquired a new stake in shares of Pembina Pipeline in the 1st quarter valued at approximately $374,000. Focus Partners Wealth acquired a new stake in Pembina Pipeline in the first quarter valued at $312,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Pembina Pipeline by 7.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 19,531 shares of the pipeline company’s stock worth $729,000 after purchasing an additional 1,349 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Pembina Pipeline by 2.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 20,304 shares of the pipeline company’s stock worth $761,000 after purchasing an additional 544 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Pembina Pipeline by 8.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,774 shares of the pipeline company’s stock worth $142,000 after purchasing an additional 307 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

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.