Pembina Pipeline Corp (PPL) Given Average Recommendation of “Buy” by Brokerages
Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) have been given a consensus rating of “Buy” by the ten brokerages that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$51.00.
A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Pembina Pipeline from C$53.00 to C$55.00 in a research note on Friday, December 8th. TD Securities lifted their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday, November 6th. CIBC boosted their price target on shares of Pembina Pipeline from C$50.00 to C$51.00 in a research report on Thursday, January 11th. National Bank Financial boosted their price target on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company an “outperform” rating in a research report on Thursday, November 30th. Finally, Scotiabank boosted their price target on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 4th.
In other news, Director Bruce D. Rubin purchased 5,000 shares of Pembina Pipeline stock in a transaction dated Friday, January 12th. The stock was purchased at an average cost of C$35.37 per share, for a total transaction of C$176,850.00. Also, Director Maureen Howe acquired 2,400 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were bought at an average cost of C$45.08 per share, with a total value of C$108,192.00. Insiders have bought a total of 8,500 shares of company stock valued at $334,311 over the last 90 days.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, November 2nd. The company reported C$0.22 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.37 by C($0.15). Pembina Pipeline had a net margin of 10.28% and a return on equity of 6.24%.
The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 25th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.94%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 157.14%.
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About Pembina Pipeline
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment 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.
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