Pembina Pipeline (PBA) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) from a hold rating to a sell rating in a research note released on Monday.

Separately, Zacks Investment Research lowered Pembina Pipeline from a strong-buy rating to a hold rating in a research note on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $37.00.

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Shares of Pembina Pipeline opened at $34.68 on Monday, MarketBeat Ratings reports. The firm has a market cap of $17.47 billion, a P/E ratio of 26.08 and a beta of 0.66. Pembina Pipeline has a 12 month low of $29.28 and a 12 month high of $36.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.83 and a current ratio of 0.95.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, May 3rd. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.14. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.92 billion. Pembina Pipeline had a return on equity of 10.07% and a net margin of 17.53%. The business’s revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. research analysts anticipate that Pembina Pipeline will post 1.95 EPS for the current year.

The company also recently announced a jun 18 dividend, which will be paid on Sunday, July 15th. Shareholders of record on Monday, June 25th will be paid a $0.19 dividend. The ex-dividend date is Friday, June 22nd. This represents a dividend yield of 5.08%. Pembina Pipeline’s payout ratio is presently 132.33%.

Institutional investors and hedge funds have recently modified their holdings of the business. SWS Partners bought a new stake in shares of Pembina Pipeline in the fourth quarter valued at $100,000. Icon Wealth Partners LLC bought a new stake in shares of Pembina Pipeline in the fourth quarter valued at $103,000. Cubist Systematic Strategies LLC raised its stake in shares of Pembina Pipeline by 73.9% in the first quarter. Cubist Systematic Strategies LLC now owns 6,085 shares of the pipeline company’s stock valued at $190,000 after buying an additional 2,585 shares during the period. BB&T Securities LLC bought a new stake in shares of Pembina Pipeline in the fourth quarter valued at $200,000. Finally, Marco Investment Management LLC bought a new stake in shares of Pembina Pipeline in the fourth quarter valued at $202,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

About Pembina Pipeline

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.

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