Pembina Pipeline (PBA) Rating Increased to Hold at Zacks Investment Research

Pembina Pipeline (NYSE:PBA) (TSE:PPL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a 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 cut shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $39.00.

Shares of Pembina Pipeline (NYSE:PBA) traded up $0.22 during trading hours on Wednesday, reaching $35.33. 447,100 shares of the company traded hands, compared to its average volume of 375,989. The firm has a market capitalization of $17,641.58, a PE ratio of 35.47 and a beta of 0.74. Pembina Pipeline has a 52-week low of $30.32 and a 52-week high of $36.29. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 0.75.

A number of large investors have recently modified their holdings of PBA. Linscomb & Williams Inc. acquired a new stake in Pembina Pipeline in the second quarter valued at approximately $116,000. San Francisco Sentry Investment Group CA acquired a new stake in Pembina Pipeline during the second quarter worth approximately $132,000. Pinebridge Investments L.P. acquired a new stake in Pembina Pipeline during the second quarter worth approximately $146,000. HPM Partners LLC raised its holdings in Pembina Pipeline by 213.5% during the second quarter. HPM Partners LLC now owns 71,821 shares of the pipeline company’s stock worth $177,000 after purchasing an additional 48,910 shares in the last quarter. Finally, Prudential PLC acquired a new stake in Pembina Pipeline during the second quarter worth approximately $202,000. 42.34% of the stock is currently owned by hedge funds and other institutional investors.

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About Pembina Pipeline

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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