Stock News Update: Pembina Pipeline Corporation (NYSE:PBA)

Pembina Pipeline Corporation (NYSE:PBA) spotted trading -2.44% off 52-week high price. On the other end, the stock has been noted 17.74% away from the low price over the last 52-weeks. The stock changed 0.16% to recent value of $38.36. The stock transacted 1086277 shares during most recent day however it has an average volume of 864.53K shares. The company has 511.81M of outstanding shares and 510.61M shares were floated in the market.

On Jan. 10, 2020, Pembina Pipeline Corporation (NYSE:PBA) is pleased to announce that it has closed its previously reported offering of $1 billion of senior unsecured medium-term notes (the Offering). The Offering was conducted in three tranches consisting of $250 million principal amount issued through a re-opening of the Company’s 4.02% medium-term notes, series 10, due March 27, 2028 (the Series 10 Notes); $500 million principal amount issued through a re-opening of the Company’s 4.75%  medium-term notes, series 11, due March 26, 2048 (the Series 11 Notes); and $250 million principal amount issued through a re-opening of the Company’s 3.62% medium-term notes, series 12, due April 3, 2029 (the Series 12 Notes).  The gross proceeds of the Offering were $1.07 billion.

The net proceeds will be used to repay indebtedness of the Company under its unsecured $2.5 billion revolving credit facility due May 31, 2024 incurred in connection with the acquisition of the U.S. portion of the Cochin Pipeline system, as well as to fund Pembina’s capital program and for general corporate purposes.

The re-opening of the Series 10, Series 11 and Series 12 Notes was offered through a syndicate of dealers under Pembina’s short-form base shelf prospectus dated August 30, 2019, as supplemented by related pricing supplements dated January 8, 2020.

Its earnings per share (EPS) expected to touch remained 24.80% for this year while earning per share for the next 5-years is expected to reach at 24.50%.

The price moved ahead of 4.33% from the mean of 20 days, 6.68% from mean of 50 days SMA and performed 5.25% from mean of 200 days price. Company’s performance for the week was 4.92%, 8.36% for month and YTD performance remained 3.51%.

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