The shares of Pembina Pipeline Corporation (NYSE:PBA) has been pegged with a rating of Overweight by Barclays in its latest research note that was published on March 05, 2020. Barclays wasn’t the only research firm that published a report of Pembina Pipeline Corporation, with other equities research analysts also giving their opinion on the stock. The stock had earned Overweight rating from JP Morgan Markets when it published its report on January 14, 2020. UBS was of a view that PBA is Neutral in its latest report on November 25, 2019. JP Morgan thinks that PBA is worth Overweight rating.
The price of the stock the last time has raised by -24.82% from its 52-Week high price while it is -71.32% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 9.53.
The shares of the company dipped by -26.71% during the trading session on Wednesday, reaching a low of $11.10 while ending the day at $11.66. During the trading session, a total of 3.34 million shares were traded which represents a -144.05% decline from the average session volume which is 1.37 million shares. PBA had ended its last session trading at $15.91. PBA 52-week low price stands at $15.51 while its 52-week high price is $40.65.
The company in its last quarterly report recorded $0.16 earnings per share which is below the predicted by most analysts. The Pembina Pipeline Corporation generated 97.21 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.50 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -156.25%. Pembina Pipeline Corporation has the potential to record 1.80 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Robert W. Baird published a research note on January 21, 2020 where it informed investors and clients that Owens & Minor Inc. (NYSE:OMI) is now rated as Outperform. Their price target on the stock stands at $9. BofA/Merrill also rated OMI as Reiterated on September 06, 2019, with its price target of $7.50 suggesting that OMI could down by -16.44% from its current share price. Even though the stock has been trading at $5.73/share, analysts expect it to surge by 5.06% to reach $5.17/share. It started the day trading at $6.7236 and traded between $5.36 and $6.02 throughout the trading session.
A look at its technical shows that OMI’s 50-day SMA is 6.01 while its 200-day SMA stands at 5.35. The stock has a high of $8.43 for the year while the low is $2.43. The stock, however, witnessed a rise in its short on 02/28/20. Compared to previous close which recorded 12.33 M shorted shares, the short percentage went higher by 10.73%, as 13.65M PBA shares were shorted. At the moment, only 22.54% of Owens & Minor Inc. shares were sold short. The company’s average trading volume currently stands at 1.96M shares, which means that the short-interest ratio is just 6.95 days. Over the past seven days, the company moved, with its shift of 34.38%. Looking further, the stock has raised 11.48% over the past 90 days while it gained 3.26% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The BlackRock Fund Advisors bought more OMI shares, increasing its portfolio by 4.46% during the last quarter. This move now sees The BlackRock Fund Advisors purchasing 402,384 shares in the last quarter, thus it now holds 9,423,010 shares of OMI, with a total valuation of $64,359,158. The Vanguard Group, Inc. meanwhile bought more OMI shares in the recently filed quarter, changing its stake to $35,754,196 worth of shares.
Similarly, Dimensional Fund Advisors LP decreased its Owens & Minor Inc. shares by 0.04% during the recently filed quarter. After selling 5,047,004 shares in the last quarter, the firm now controls -2,026 shares of Owens & Minor Inc. which are valued at $34,471,037. In the same vein, JPMorgan Investment Management, I… decreased its Owens & Minor Inc. shares by during the most recent reported quarter. The firm bought 195,781 shares during the quarter which decreased its stakes to 4,138,718 shares and is now valued at $28,267,444. Following these latest developments, around 1.00% of Owens & Minor Inc. stocks are owned by institutional investors and hedge funds.
