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.

Analyst Recommendations for Pembina Pipeline Corp (TSE:PPL)

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