PBA Stock Summary and Trading Ideas (Pembina Pipeline Corp. Ordinary Shares (Canada) | NYSE:PBA)

Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. Its assets include pipelines and gas gathering as well as assets across fractionation, storage, and propane exports.

Pembina Pipeline Corp. Ordinary Shares (Canada) trades on the NYSE stock market under the symbol PBA.

As of April 18, 2024, PBA stock price climbed to $34.29 with 785,850 million shares trading.

PBA has a beta of 0.68, meaning it tends to be less sensitive to market movements. PBA has a correlation of 0.22 to the broad based SPY ETF.

PBA has a market cap of $19.87 billion. This is considered a Large Cap stock.

Last quarter Pembina Pipeline Corp. Ordinary Shares (Canada) reported $2 billion in Revenue and $.89 earnings per share. This fell short of revenue expectation by $-58 million and exceeded earnings estimates by $.26.

In the last 3 years, PBA stock traded as high as $42.74 and as low as $28.15.

The top ETF exchange traded funds that PBA belongs to (by Net Assets): MLPX, DFIC, DFAX, IGE, DFAI.

PBA has underperformed the market in the last year with a return of +8.7%, while the SPY ETF gained +22.3%. In the last 3 month period, PBA fell short of the market, returning +4.1%, while SPY returned +6.1%. However, in the most recent 2 weeks PBA has outperformed the stock market by returning -3.6%, while SPY returned -3.8%.

PBA support price is $33.84 and resistance is $34.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PBA stock will trade within this expected range on the day.