Pembina Pipeline (PBA) Downgraded by ValuEngine

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ValuEngine cut shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) from a hold rating to a sell rating in a report published on Tuesday morning.

Separately, Zacks Investment Research lowered shares of Pembina Pipeline from a hold rating to a strong sell rating in a report on Thursday, August 9th.

NYSE:PBA opened at $33.23 on Tuesday. Pembina Pipeline has a one year low of $29.28 and a one year high of $36.99. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.58 and a quick ratio of 0.41. The stock has a market capitalization of $16.97 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Pembina Pipeline had a net margin of 17.40% and a return on equity of 10.09%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.21 billion. research analysts forecast that Pembina Pipeline will post 1.66 earnings per share for the current year.

The firm also recently declared a sep 18 dividend, which will be paid on Monday, October 15th. Stockholders of record on Tuesday, September 25th will be issued a $0.19 dividend. Pembina Pipeline’s dividend payout ratio is currently 131.58%.

Several large investors have recently bought and sold shares of PBA. Tortoise Capital Advisors L.L.C. bought a new stake in shares of Pembina Pipeline in the 2nd quarter valued at about $203,334,000. NN Investment Partners Holdings N.V. grew its position in shares of Pembina Pipeline by 1,383.0% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 3,721,470 shares of the pipeline company’s stock worth $128,762,000 after buying an additional 3,470,534 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Pembina Pipeline by 105.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,554,569 shares of the pipeline company’s stock worth $157,642,000 after buying an additional 2,340,323 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Pembina Pipeline in the 1st quarter worth approximately $63,426,000. Finally, Citadel Advisors LLC grew its position in shares of Pembina Pipeline by 197.6% in the 1st quarter. Citadel Advisors LLC now owns 2,318,649 shares of the pipeline company’s stock worth $72,295,000 after buying an additional 1,539,576 shares during the last quarter. Institutional investors and hedge funds own 47.64% of the company’s stock.

Pembina Pipeline Company Profile

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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