Pembina Pipeline Corp to Post FY2017 Earnings of $1.89 Per Share, Cormark Forecasts (TSE:PPL)
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.
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.
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