Pembina Pipeline Corp (PPL) Receives Consensus Recommendation of “Buy” from Analysts
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) has received an average rating of “Buy” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$54.46.
PPL has been the subject of several recent analyst reports. Raymond James increased their price objective on Pembina Pipeline from C$49.00 to C$50.00 in a research note on Friday, October 5th. JPMorgan Chase & Co. increased their price objective on Pembina Pipeline from C$55.00 to C$57.00 in a research note on Thursday, September 27th. BMO Capital Markets increased their price objective on Pembina Pipeline from C$52.00 to C$54.00 in a research note on Friday, November 2nd. CIBC increased their price objective on Pembina Pipeline from C$51.00 to C$53.00 in a research note on Friday, November 2nd. Finally, CSFB upgraded Pembina Pipeline from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$46.00 to C$54.00 in a research note on Friday, November 16th.
In other Pembina Pipeline news, Director Bruce D. Rubin bought 4,000 shares of the stock in a transaction dated Monday, November 19th. The stock was bought at an average cost of C$34.03 per share, for a total transaction of C$136,120.00. Also, insider Cameron Goldade sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of C$25.96, for a total value of C$51,920.00.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, November 1st. The company reported C$0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.62 by C($0.02). The business had revenue of C$2.05 billion during the quarter. On average, equities research analysts predict that Pembina Pipeline will post 2.59000002735506 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 23rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.17%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 90.65%.
Pembina Pipeline Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.
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