The stock of Pembina Pipeline Corporation (NYSE:PBA) increased by $0.24 on Friday to finish at $31.49, up 0.77 percent. The last five days have seen an average of 657,200 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$2.46. The average number of shares traded over the last 20 days was 728,165, while the average volume over the last 50 days totaled 736,032.
PBA stock appreciated 0.48% since last month. On 08/08/23, the company’s shares reached a one-month low of $30.22. The stock touched a high of $38.15 on 01/18/23, after rallying from a low of $29.59 in 52 weeks. The price of PBA stock has declined by -7.25% or -$2.46 this year, reaching a new high 8 times. Still, the stock price is down -17.46% from the 52-week high.
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Valuation Metrics
Company paid $0.5040 per share in dividends, an increase of 2.23% from $0.4930 last year.
Financial Health
Based on annual data, it had gross profit of $2.4 billion and revenue of $9.23 billion.
Earnings Surprise
According to Pembina Pipeline Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.54 billion, while revenues fell by -1.67% to $0.0. It was predicted that Pembina Pipeline Corporation’s quarterly earnings would be $0.45, but it ended up being $0.44, beating the consensus by 2.30%. EBITDA was $545.17 million for the quarter. At the end of Pembina Pipeline Corporation’s most recent quarter ended June 29, its liabilities totaled 11.32 billion, while its total debt was $11.25 billion.
Technical Picture
Here’s a quick look at Pembina Pipeline Corporation’s (PBA) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 58.52%, suggesting the stock is Neutral, with a 16.62% historical volatility rate.
The stochastic %K and %D were 65.22% and 54.88% respectively, while the average true range (ATR) was 0.55. Based on the 14-day stochastic reading of 77.44%, the RSI (14) reading is 55.07%. On the 9-day MACD Oscillator, the stock is at 0.32, and the 14-day reading is at 0.18.
Analyst Ratings
In its analyst report released on June 22, 2023, Stifel began covering Pembina Pipeline Corporation (NYSE: PBA). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Pembina Pipeline Corporation (PBA) an Overweight rating. PBA is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.
What is PBA’s price target for the next 12 months?
The current consensus forecast for the stock is between $34.90 and $43.41, with a median target price of $37.80. In analyzing these forecasts, the average price target given by analysts for Pembina Pipeline Corporation (PBA) is $38.04.
