Pembina Pipeline (PBA) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

According to Zacks, “Pembina Pipeline Corporation operates as an energy transportation and service provider. The Company operates in four segments; Conventional Pipelines, Oil Sands & Heavy Oil, Midstream & Marketing, and Gas Services. The Conventional Pipelines segment operates a pipeline network that transports crude oil, condensate, and natural gas liquids in Alberta and British Columbia. The Oil Sands & Heavy Oil segment owns and operates pipelines which deliver synthetic crude oil produced from oil sands. The Midstream & Marketing segment offers storage, terminal, and hub services. The Gas Services segment consists of natural gas gathering and processing facilities. Pembina Pipeline Corporation, formerly known as Pembina Pipeline Income Fund, is headquartered in Calgary, Canada. “

Separately, Macquarie lowered Pembina Pipeline from an outperform rating to a neutral rating in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $39.00.

Pembina Pipeline (PBA) traded up $0.15 during trading hours on Wednesday, hitting $35.48. The company had a trading volume of 318,016 shares, compared to its average volume of 486,289. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.78 and a quick ratio of 0.60. Pembina Pipeline has a 12-month low of $30.32 and a 12-month high of $36.29. The stock has a market capitalization of $17,750.00, a PE ratio of 35.84 and a beta of 0.74.

The company also recently declared a dec 17 dividend, which will be paid on Monday, January 15th. Investors of record on Sunday, December 31st will be paid a dividend of $0.18 per share. This represents a yield of 4.84%. The ex-dividend date of this dividend is Thursday, December 28th. Pembina Pipeline’s payout ratio is presently 169.70%.

Institutional investors have recently made changes to their positions in the stock. Linscomb & Williams Inc. bought a new position in Pembina Pipeline during the second quarter valued at approximately $116,000. San Francisco Sentry Investment Group CA bought a new position in Pembina Pipeline during the second quarter valued at approximately $132,000. Pinebridge Investments L.P. bought a new position in Pembina Pipeline during the second quarter valued at approximately $146,000. HPM Partners LLC lifted its stake in shares of Pembina Pipeline by 213.5% in the 2nd quarter. HPM Partners LLC now owns 71,821 shares of the pipeline company’s stock valued at $177,000 after purchasing an additional 48,910 shares during the last quarter. Finally, Prudential PLC bought a new stake in shares of Pembina Pipeline in the 2nd quarter valued at approximately $202,000. 42.34% of the stock is owned by institutional investors.

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Pembina Pipeline Company Profile

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

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