Pembina Pipeline Co. (NYSE:PBA – Get Rating) (TSE:PPL) was the target of a sharp drop in short-term interest in June. As of June 15, there was short interest totaling 4,260,000 shares, a decrease of 25.5% from the total of 5,720,000 shares as of May 31. Based on an average daily volume of 1,110,000 shares, the short interest rate is currently 3.8 days.
NYSE PBA opened at $35.51 on Friday. The company has a market capitalization of $19.68 billion, a PE ratio of 19.51, a growth price-earnings ratio of 4.95 and a beta of 1.24. The company has a debt ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.55. The company’s 50-day moving average is $38.26 and its 200-day moving average is $35.62. Pembina Pipeline has a fifty-two week low of $28.89 and a fifty-two week high of $42.74.
Pembina Pipeline (NYSE:PBA – Get Rating) (TSE:PPL) last reported results on Thursday, May 5. The pipeline company reported earnings per share of $0.64 for the quarter, beating the consensus estimate of $0.57 by $0.07. The company posted revenue of $2.40 billion for the quarter. Pembina Pipeline posted a return on equity of 11.71% and a net margin of 14.46%. On average, sell-side analysts expect Pembina Pipeline to post an EPS of 2.31 for the current year.
The company also recently declared a monthly dividend, which will be paid on Friday, July 15. Shareholders of record on Friday, June 24 will receive a dividend of $0.166 per share. The ex-date of this dividend is Thursday, June 23. This is a boost from Pembina Pipeline’s previous monthly dividend of $0.16. This represents a dividend of $1.99 on an annualized basis and a yield of 5.61%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 109.34%.
A number of large investors have recently bought and sold shares of PBA. Syverson Strege & Co acquired a new stake in Pembina Pipeline during the fourth quarter valued at approximately $26,000. Trust Co. of Vermont acquired a new stake in Pembina Pipeline during the fourth quarter valued at approximately $30,000. Cyrus J. Lawrence LLC acquired a new stake in Pembina Pipeline during the first quarter valued at approximately $31,000. Tobam acquired a new stake in Pembina Pipeline during the first quarter valued at approximately $35,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Pembina Pipeline during the first quarter valued at approximately $35,000. 55.44% of the shares are currently held by institutional investors and hedge funds.
PBA has been the subject of a number of research analyst reports. BMO Capital Markets raised its target price on Pembina Pipeline from C$54.00 to C$55.00 in a Friday, May 6 report. TheStreet upgraded Pembina Pipeline from a ‘c’ rating to a ‘b-‘ rating in a Wednesday, May 25 research note. Royal Bank of Canada raised its price target on Pembina Pipeline from C$49.00 to C$58.00 in a Monday, May 9 research note. StockNews.com began covering Pembina Pipeline in a research note on Thursday, March 31. They issued a “hold” rating on the stock. Finally, TD Securities raised its price target on Pembina Pipeline from CA$50.00 to CA$54.00 in a Monday, May 9 research note. Four equity research analysts gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat data, Pembina Pipeline has an average rating of “Moderate Buy” and an average price target of $52.63.
Pembina Pipeline Company Profile (Get a rating)
Pembina Pipeline Corporation provides transportation and midstream services to the energy industry. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil assets, as well as transportation assets with a transportation capacity of 3.1 million barrels of oil equivalent per day, ground storage of 11 million barrels and a rail terminal capacity of approximately 105 thousand barrels of oil. equivalent per day serving markets and basins across North America.
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