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Saturday, October 24, 2020

Is Now the Time to Invest in Pembina Pipeline Corporation (NYSE:PBA)?

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Pembina Pipeline Corporation (PBA) shares are trading at lower $21.78 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $40.65 and the low is $10.58. Over the last 52 weeks, PBA is down -38.89% while the S&P 500 is up 16.41%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, PBA reported a profit of $328.28 million. Pembina Pipeline Corporation also saw revenues increase to $961.76 million. In addition, PBA has free cash flow of $258.3 million as of 06-2020. The company’s EBITDA came in at $422.85 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PBA has a short ratio of 4.07 and outstanding shares of 549.84M.

Company Outlook

PBA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.9 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.83. Pembina Pipeline Corporation PBA also noted assets of $24.38 billion at the end of the last quarter. Investors should also keep an eye on sector updates as PBA has historically followed its peers on positive news.

All told, Pembina Pipeline Corporation PBA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PBA represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Pembina Pipeline Corporation PBA is now commanding a market cap of 11.98B and a float of 549.13M. PBA is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PBA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in PBA, either long or short, and we have not been compensated for this article.

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