Pembina Pipeline Corp (PPL) Director Purchases C$176,850.00 in Stock

Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) Director Bruce D. Rubin acquired 5,000 shares of Pembina Pipeline stock in a transaction that occurred on Friday, January 12th. The shares were purchased at an average cost of C$35.37 per share, for a total transaction of C$176,850.00.

Shares of Pembina Pipeline Corp (PPL) traded up C$0.17 on Friday, reaching C$43.77. 1,057,762 shares of the company’s stock were exchanged, compared to its average volume of 964,013. The company has a market capitalization of $21,940.00, a price-to-earnings ratio of 34.74 and a beta of 0.37. Pembina Pipeline Corp has a 1 year low of C$39.04 and a 1 year high of C$46.17.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Thursday, November 2nd. The company reported C$0.22 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.37 by C($0.15). Pembina Pipeline had a return on equity of 6.24% and a net margin of 10.28%.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 25th will be given a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Wednesday, January 24th. Pembina Pipeline’s dividend payout ratio is presently 157.14%.

Several research firms recently weighed in on PPL. CIBC lifted their price objective on shares of Pembina Pipeline from C$50.00 to C$51.00 in a research note on Thursday, January 11th. National Bank Financial lifted their price objective on shares of Pembina Pipeline from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. TD Securities lifted their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Scotiabank lifted their price target on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, October 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Tuesday, September 26th. Nine investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of C$51.00.

TRADEMARK VIOLATION WARNING: “Pembina Pipeline Corp (PPL) Director Purchases C$176,850.00 in Stock” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/19/pembina-pipeline-corp-ppl-director-purchases-c176850-00-in-stock.html.

About Pembina Pipeline

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.

Insider Buying and Selling by Quarter for Pembina Pipeline (TSE:PPL)

Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply