Pembina Pipeline Corporation (NYSE:PBA) has seen 0.61 million shares traded in the last trading session. The company, currently valued at $17.11B, closed the last trade at $31.12 per share which meant it lost -$0.08 on the day or -0.26% during that session. The PBA stock price is -10.06% off its 52-week high price of $34.25 and 35.44% above the 52-week low of $20.09. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.82 million shares traded. The 3-month trading volume is 939.37K shares.
The consensus among analysts is that Pembina Pipeline Corporation (PBA) is an Overweight stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 6 out of 15 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.44.
Pembina Pipeline Corporation (NYSE:PBA) trade information
Sporting -0.26% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the PBA stock price touched $31.12 or saw a rise of 0.77%. Year-to-date, Pembina Pipeline Corporation shares have moved 31.53%, while the 5-day performance has seen it change 0.03%. Over the past 30 days, the shares of Pembina Pipeline Corporation (NYSE:PBA) have changed -4.42%. Short interest in the company has seen 4.34 million shares shorted with days to cover at 4.75.
Wall Street analysts have a consensus price target for the stock at $33.95, which means that the shares’ value could jump 8.34% from current levels. The projected low price target is $30.20 while the price target rests at a high of $37.99. In that case, then, we find that the current price level is -22.08% off the targeted high while a plunge would see the stock lose 2.96% from current levels.
Pembina Pipeline Corporation (PBA) estimates and forecasts
Figures show that Pembina Pipeline Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 7.38% over the past 6 months, with this year growth rate of 25.85%, compared to 19.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 12.80% and 100.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 52.00%.
4 analysts offering their estimates for the company have set an average revenue estimate of $1.63 billion for the current quarter. 4 have an estimated revenue figure of $1.56 billion for the next quarter concluding in Jun 2018. Year-ago sales stood $1.17 billion and $917.76 million respectively for this quarter and the next, and analysts expect sales will grow by 39.50% for the current quarter and 69.50% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 0.53% over the past 5 years. Earnings growth for 2021 is a modest 24.80% while over the next 5 years, the company’s earnings are expected to increase by 24.50%.
Pembina Pipeline Corporation is expected to release its next earnings report between November 03 and November 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.09 at a share yield of 6.72%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.49%.
Pembina Pipeline Corporation (NYSE:PBA)’s Major holders
Insiders own 0.20% of the company shares, while shares held by institutions stand at 62.36% with a share float percentage of 62.48%. Investors are also buoyed by the number of investors in a company, with Pembina Pipeline Corporation having a total of 572 institutions that hold shares in the company. The top two institutional holders are Royal Bank of Canada with over 36.19 million shares worth more than $1.04 billion. As of Mar 30, 2021, Royal Bank of Canada held 6.58% of shares outstanding.
The other major institutional holder is Deutsche Bank Aktiengesellschaft, with the holding of over 18.56 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $535.37 million and represent 3.38% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Total Intl Stock Indx and Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund. As of Jan 30, 2021, the former fund manager holds about 1.34% shares in the company for having 7.39 million shares of worth $194.32 million while later fund manager owns 3.54 million shares of worth $102.21 million as of Mar 30, 2021, which makes it owner of about 0.64% of company’s outstanding stock.