Pembina Pipeline Corp (NYSE:PBA) Stock Upgrade
Credit Suisse gave Pembina Pipeline Corp (NYSE:PBA) shares a new Outperform rating in recent note distributed to Clients on Friday morning. The upgrade from the preceding Neutral rating is certainly an interesting one.
Approximately 233,872 shares of stock traded hands. Pembina Pipeline Corp (NYSE:PBA) has declined 37.90% since May 8, 2015 and is downtrending. It has underperformed by 34.88% the S&P500.
Pembina Pipeline Corporation is an energy transportation and service provider. The company has a market cap of $7.66 billion. The Firm operates through four divisions: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. It has 30.04 P/E ratio. Conventional Pipelines consists of the tariff activities of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
According to Zacks Investment Research, “Pembina Pipeline Corporation operates as an energy transportation and service provider. The Company operates in four segments; Conventional Pipelines, Oil Sands & Heavy Oil, Midstream & Marketing, and Gas Services. The Conventional Pipelines segment operates a pipeline network that transports crude oil, condensate, and natural gas liquids in Alberta and British Columbia. The Oil Sands & Heavy Oil segment owns and operates pipelines which deliver synthetic crude oil produced from oil sands. The Midstream & Marketing segment offers storage, terminal, and hub services. The Gas Services segment consists of natural gas gathering and processing facilities. Pembina Pipeline Corporation, formerly known as Pembina Pipeline Income Fund, is headquartered in Calgary, Canada.” Get a free copy of the Zacks research report on Pembina Pipeline Corp (PBA).