Pembina Pipeline Corporation (NYSE:PBA) finished Wednesday with an addition of $0.07 to close at $30.32, an upside of 0.23 percent. An average of 818,500 shares of common stock have been traded in the last five days. There was a gain of $0.15 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 788,805 shares traded, while the 50-day average volume stands at 756,858.
PBA stock has decreased by -4.11% in the last month. The company shares reached their 1-month lowest point of $29.84 on 08/23/23. With the stock rallying to its 52-week high on 01/18/23, shares of the company touched a low of $29.59 and a high of $38.15 in 52 weeks. It has reached a new high 8 times so far this year and lost -10.69% or -$3.63 in price. In spite of this, the price is down -20.52% from the 52-week high.
Financial Health
Pembina Pipeline Corporation’s EBITDA margin for the year ending June 29 is 25.99%. Its gross profit as reported stood at $2.4 billion compared to revenue of $9.23 billion.
Earnings Surprise
For the three-month period that ended June 29, Pembina Pipeline Corporation had $137.11 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.14 billion in the quarter, while revenues were grew 14.34%. The analyst consensus anticipated Pembina Pipeline Corporation’s latest quarter earnings to come in at $0.43 per share, but it turned out to be $0.44, a 2.30% surprise. For the quarter, EBITDA amounted to $545.17 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Pembina Pipeline Corporation (PBA) price momentum. RSI 9-day as of the close on 23 August was 40.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.09%.
As of today, PBA’s price is $30.49 +0.50% or $0.15 from its 5-day moving average. PBA is currently trading -3.75% lower than its 20-day SMA and -5.66% lower than its 100-day SMA. However, the stock’s current price level is -3.29% below the SMA50 and -7.93% below the SMA200.
The stochastic %K and %D were 22.12% and 26.22%, respectively, and the average true range (ATR) was 0.54. With the 14-day stochastic at 26.37% and the average true range at 0.54, the RSI (14) stands at 42.78%. The stock has reached -0.25 on the 9-day MACD Oscillator while the 14-day reading was at -0.39.
Analyst Ratings
Stifel launched coverage on Pembina Pipeline Corporation (NYSE: PBA) in its analyst report released on June 22, 2023. The firm assigned the stock a Buy rating. The consensus rating for Pembina Pipeline Corporation (PBA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PBA, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 others rate it as a “buy”.
What is PBA’s price target for the next 12 months?
Analysts predict a range of price targets between $34.66 and $43.41, with a median target of $37.65. Taking a look at these predictions, the average price target given by analysts for Pembina Pipeline Corporation (PBA) stock is $37.93.
