Barclays Begins Coverage on Pembina Pipeline (NYSE:PBA)

Investment analysts at Barclays started coverage on shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage set an “overweight” rating on the pipeline company’s stock.

Several other equities analysts have also issued reports on PBA. Citigroup boosted their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Raymond James started coverage on Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating for the company. Finally, UBS Group initiated coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Stock Down 0.6 %

Pembina Pipeline stock opened at $38.35 on Thursday. Pembina Pipeline has a fifty-two week low of $32.39 and a fifty-two week high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The firm has a market capitalization of $22.26 billion, a price-to-earnings ratio of 15.85 and a beta of 1.24. The company’s 50 day simple moving average is $41.57 and its 200 day simple moving average is $39.65.

Institutional Trading of Pembina Pipeline

A number of institutional investors have recently modified their holdings of the company. Kingsview Wealth Management LLC raised its position in Pembina Pipeline by 4.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock valued at $286,000 after buying an additional 273 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Pembina Pipeline by 65.0% during the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 325 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Pembina Pipeline by 1.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock valued at $770,000 after purchasing an additional 334 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Pembina Pipeline by 30.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock valued at $65,000 after purchasing an additional 387 shares during the last quarter. Finally, Gold Investment Management Ltd. boosted its holdings in Pembina Pipeline by 4.2% during the third quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock worth $453,000 after purchasing an additional 439 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.