Pembina Pipeline Corp (PBA) is Downgraded by National Bank Financial to Sector Perform

Pembina Pipeline Corp (PBA) was Downgraded by National Bank Financial to ” Sector Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. National Bank Financial advised their investors in a research report released on Jul 18, 2016.

Many Wall Street Analysts have commented on Pembina Pipeline Corp. Pembina Pipeline Corp was Downgraded by Credit Suisse to ” Neutral” on Jun 20, 2016.

On the company’s financial health, Pembina Pipeline Corp reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.30. The company had revenue of $1017.00 million for the quarter, compared to analysts expectations of $1362.34 million. The company’s revenue was down -11.9 % compared to the same quarter last year.

Pembina Pipeline Corp closed down -0.36 points or -1.17% at $30.29 with 1,91,556 shares getting traded on Friday. Post opening the session at $30.78, the shares hit an intraday low of $30.22 and an intraday high of $30.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Pembina Pipeline Corporation (Pembina) is an energy transportation and service provider. The Company operates through four segments: Conventional Pipelines Oil Sands & Heavy Oil Gas Services and Midstream. Conventional Pipelines consists of the tariff-based operations 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. Oil Sands & Heavy Oil consists of the Syncrude Horizon Nipisi and Mitsue Pipelines and the Cheecham Lateral. Gas Services consists of natural gas gathering and processing facilities including approximately 7 gas plants approximately 12 compressor stations and over 375 kilometres of gathering systems. Midstream consists of the Company’s interests in extraction and fractionation facilities terminalling and storage hub services.

Pembina Pipeline Corp

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