Pembina Pipeline (NYSE:PBA) Coverage Initiated at TD Securities

Analysts at TD Securities started coverage on shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) in a research report issued on Wednesday, MarketBeat.com reports. The firm set a “buy” rating on the pipeline company’s stock.

Several other research firms also recently commented on PBA. Raymond James assumed coverage on Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating for the company. Barclays assumed coverage on Pembina Pipeline in a research report on Thursday, December 12th. They issued an “overweight” rating on the stock. Finally, Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.50.

Pembina Pipeline Price Performance

NYSE PBA opened at $37.04 on Wednesday. Pembina Pipeline has a one year low of $32.81 and a one year high of $43.44. The stock has a 50-day moving average of $38.97 and a 200 day moving average of $39.66. The company has a market capitalization of $21.50 billion, a price-to-earnings ratio of 15.30 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Godsey & Gibb Inc. purchased a new position in Pembina Pipeline in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new position in Pembina Pipeline in the 3rd quarter worth approximately $26,000. Safe Harbor Fiduciary LLC purchased a new position in Pembina Pipeline in the 3rd quarter worth approximately $26,000. Versant Capital Management Inc purchased a new position in Pembina Pipeline in the 4th quarter worth approximately $27,000. Finally, Dunhill Financial LLC purchased a new position in Pembina Pipeline in the 3rd quarter worth approximately $28,000. 55.37% of the stock is owned by hedge funds and other 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.