Pembina Pipeline Corp (PPL) Given Overweight Rating at JPMorgan Chase & Co.
Pembina Pipeline Corp (TSE:PPL)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. They presently have a C$47.00 target price on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 16.31% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada increased their price objective on Pembina Pipeline Corp from C$42.00 to C$45.00 and gave the company an “outperform” rating in a research report on Tuesday, August 9th. TD Securities increased their price objective on Pembina Pipeline Corp from C$41.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Scotiabank reissued an “outperform” rating and issued a C$44.00 price objective on shares of Pembina Pipeline Corp in a research report on Monday, August 8th. RBC Capital Markets increased their price objective on Pembina Pipeline Corp from C$42.00 to C$45.00 and gave the company an “outperform” rating in a research report on Monday, August 8th. Finally, National Bank Financial cut Pembina Pipeline Corp from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$41.00 to C$43.00 in a research report on Monday, July 18th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$43.69.
Pembina Pipeline Corp (TSE:PPL) traded up 1.08% during trading on Thursday, hitting $40.41. 675,311 shares of the stock traded hands. The stock has a market cap of $15.84 billion and a PE ratio of 37.38. The company has a 50-day moving average price of $39.62 and a 200 day moving average price of $38.42. Pembina Pipeline Corp has a one year low of $26.05 and a one year high of $41.00.
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The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, October 21st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.75%.
About Pembina Pipeline Corp
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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