Pembina Pipeline Corp (PPL) Receives Average Rating of “Buy” from Analysts
Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) have earned a consensus rating of “Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$50.38.
Several analysts recently commented on PPL shares. Scotiabank raised their price objective on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. J P Morgan Chase & Co raised their price objective on Pembina Pipeline Corp from C$52.00 to C$53.00 in a research note on Tuesday, September 26th. TD Securities raised their price objective on Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. CIBC raised their price objective on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 3rd. Finally, AltaCorp Capital raised Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th.
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In other news, insider Michael H. Dilger bought 10,000 shares of the stock in a transaction on Monday, August 14th. The stock was purchased at an average price of C$32.32 per share, for a total transaction of C$323,200.00.
Shares of Pembina Pipeline Corp (TSE PPL) traded down 0.74% on Thursday, hitting $42.79. The stock had a trading volume of 608,592 shares. The company has a market capitalization of $17.24 billion and a P/E ratio of 33.43. Pembina Pipeline Corp has a one year low of $37.25 and a one year high of $44.65. The firm has a 50 day moving average price of $41.73 and a 200 day moving average price of $42.68.
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 25th will be issued a dividend of $0.18 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date is Tuesday, October 24th. This is a boost from Pembina Pipeline Corp’s previous monthly dividend of $0.17.
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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