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 (PPL) traded down C$0.02 during trading on Friday, reaching C$43.75. 1,118,800 shares of the company were exchanged, compared to its average volume of 975,070. Pembina Pipeline has a fifty-two week low of C$39.04 and a fifty-two week high of C$46.17. The stock has a market cap of $22,010.00, a price-to-earnings ratio of 34.72 and a beta of 0.37.

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%.

TRADEMARK VIOLATION NOTICE: “Pembina Pipeline Corp (PPL) Given Average Recommendation of “Buy” by Brokerages” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.watchlistnews.com/pembina-pipeline-corp-ppl-given-average-recommendation-of-buy-by-brokerages/1815679.html.

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.

Analyst Recommendations for Pembina Pipeline (TSE:PPL)

Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.