As of Wednesday close, Pembina Pipeline Corporation’s (NYSE:PBA) stock was down -$0.21, moving down -0.69 percent to $30.17. The average number of shares traded per day over the past five days has been 717,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.03 fall in that time frame. In the last twenty days, the average volume was 748,750, while in the previous 50 days, it was 742,196.
Since last month, PBA stock retreated -2.39%. Shares of the company fell to $30.11 on 08/16/23, the lowest level in the past month. A 52-week high of $38.15 was reached on 01/18/23 after having rallying from a 52-week low of $29.59. Since the beginning of this year, PBA’s stock price has dropped by -11.13% or -$3.78, and marked a new high 8 times. However, the stock has declined by -20.92% since its 52-week high.
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Valuation Metrics
The latest dividend of $0.5040 per share was paid out, which is 2.23% more than last year’s $0.4930.
Financial Health
Based on annual data, PBA earned $2.4 billion in gross profit and brought in $9.23 billion in revenue.
In Pembina Pipeline Corporation’s quarter-end financial report for June 29, it reported total debt of $137.11 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PBA’s revenue fell -1.67% during the quarter, while net income inched up to $5.54 billion. While analysts expected Pembina Pipeline Corporation to report $0.44 quarterly earnings, the actual figure was $0.45 per share, beating the consensus estimate by 2.30%. During the quarter, the company generated $545.17 million in EBITDA. The liabilities of Pembina Pipeline Corporation were 11.32 billion at the end of its most recent quarter ended June 29, and its total debt was $11.25 billion.
Technical Picture
This quick technical analysis looks at Pembina Pipeline Corporation’s (PBA) price momentum. With a historical volatility rate of 18.77%, the RSI 9-day stood at 35.05% on 16 August.
With respect to its five-day moving average, the current Pembina Pipeline Corporation price is down by -3.30% percent or -$1.03. At present, PBA shares trade -2.80% below its 20-day simple moving average and -1.11% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.60% below its SMA50 and -8.35% below its SMA200.
Stochastic coefficient K was 24.72% and Stochastic coefficient D was 46.81%, while ATR was 0.58. Given the Stochastic reading of 3.43% for the 14-day period, the RSI (14) reading has been calculated as 39.97%. As of today, the MACD Oscillator reading stands at -0.35, while the 14-day reading stands at -0.38.
Analyst Ratings
Stifel launched its rating on Pembina Pipeline Corporation (NYSE: PBA) to a Buy in a note to investors on June 22, 2023. Pembina Pipeline Corporation (PBA) has been rated Overweight by analysts. According to 0 brokerage firms, PBA is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Pembina Pipeline Corporation stock as buy, with 10 recommending it as overweight.
With a median target price of $37.65, the current consensus forecast for the stock is $34.90 – $43.41. Based on these forecasts, analysts predict Pembina Pipeline Corporation (PBA) will achieve an average price target of $37.95.
