Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) – Cormark lowered their FY2017 earnings per share estimates for shares of Pembina Pipeline Corp in a research report issued on Thursday. Cormark analyst B. Watson now forecasts that the company will earn $1.89 per share for the year, down from their prior estimate of $2.23. Cormark also issued estimates for Pembina Pipeline Corp’s FY2018 earnings at $2.76 EPS.

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Other research analysts also recently issued reports about the stock. TD Securities raised their price objective on shares of Pembina Pipeline Corp from C$50.00 to C$51.00 and gave the stock a “buy” rating in a report on Monday, May 8th. Desjardins raised their price target on shares of Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company a “buy” rating in a report on Tuesday, May 2nd. AltaCorp Capital raised shares of Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 19th. Royal Bank Of Canada lifted their price objective on shares of Pembina Pipeline Corp from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, National Bank Financial raised shares of Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 2nd. Nine analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of C$48.67.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $2.04 annualized dividend and a dividend yield of 4.80%.

In other news, Director Bruce D. Rubin acquired 5,000 shares of Pembina Pipeline Corp stock in a transaction dated Monday, June 5th. The stock was purchased at an average cost of C$43.65 per share, with a total value of C$218,250.00. Also, Director Jeffrey T. Smith acquired 1,030 shares of Pembina Pipeline Corp stock in a transaction dated Tuesday, May 9th. The stock was purchased at an average cost of C$43.59 per share, with a total value of C$44,897.70. Over the last ninety days, insiders have acquired 7,285 shares of company stock valued at $317,253.

About Pembina Pipeline Corp

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.

Earnings History and Estimates for Pembina Pipeline Corp (TSE:PPL)

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