Pembina Pipeline Corp (NYSE:PBA) Breaks 52 Week High Record

PBA
PBA

Pembina Pipeline Corp (NYSE:PBA)

March 14th, 2019

Pembina Pipeline Corp rose $0.06 Thursday, up 0.16%, closing at $37.13. Furthermore it hit a new 52 week high of $37.24. While it is positive news the stock ended higher, the trading volumes were only 46.00% of normal which could be an indication of investor uncertainty. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.63.

PBA outperformed the rest of the Energy sector which went up 0.06% today.

Results from 5 analysts indicates that Pembina Pipeline Corp might grow quite a bit (13.66%), while Finbox has calculated (with low uncertainty) a fair value price of $37.32.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Financials saw the biggest increase of the day (0.41%), while Materials saw the biggest drop (-0.79%). Information Technology has seen the biggest year-to-date gain at 16.11%.

Materials and Communication Services both saw turn arounds from their five day positive performance, Materials with a drop of -0.79%.

Sector Breakdown

  • Financials went up with a 0.41% change.
  • Information Technology went up with a 0.20% change.
  • Energy went up with a 0.06% change.
  • Real Estate went up with a 0.04% change.
  • Utilities went down with a -0.14% change.
  • Healthcare went down with a -0.25% change.
  • Consumer Staples went down with a -0.28% change.
  • Consumer Discretionary went down with a -0.31% change.
  • Industrials went down with a -0.35% change.
  • Communication Services went down with a -0.40% change.
  • Materials went down with a -0.79% change.

Pembina Pipeline Corp Info

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta. Its Oil Sands & Heavy Oil business operates approximately 1,650 kilometers of pipeline and has 1,060 thousands of barrels per day of capacity. In addition, the company provides natural gas gathering, compression, condensate stabilization, and shallow and deep cut processing services. Further, its NGL Midstream business offers products and services, including storage, terminalling, and hub services through 14 truck terminals; 21 inbound and 13 outbound pipeline connections; 1.2 mmbpd of crude oil and condensate supply; and approximately 900 mbbls of ground storage in the Edmonton North Terminal, as well as 2 NGL operating systems. Additionally, the company offers tariff-based operations of pipelines and related facilities; natural gas gathering and processing facilities; NGL fractionation facility and gas processing capacity near Chicago, Illinois; and other natural gas and NGL processing facilities, logistics, and distribution assets in the United States and Canada. Pembina Pipeline Corporation was founded in 1997 and is headquartered in Calgary, Canada.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Pembina Pipeline Corp’s score is 1.63) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

PBA daily update
PBA daily update

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