Pembina Pipeline (PPL) Scheduled to Post Earnings on Thursday

Pembina Pipeline (TSE:PPL) (NYSE:PBA) is set to release its earnings data after the market closes on Thursday, February 22nd. Analysts expect Pembina Pipeline to post earnings of C$0.53 per share for the quarter.

Shares of Pembina Pipeline (TSE PPL) opened at C$40.38 on Thursday. The stock has a market capitalization of $20,320.00, a P/E ratio of 32.05 and a beta of 0.28. Pembina Pipeline has a 12 month low of C$38.10 and a 12 month high of C$46.17.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.18 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Thursday, February 22nd. Pembina Pipeline’s dividend payout ratio (DPR) is currently 157.14%.

In other Pembina Pipeline news, Director Henry William Sykes purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average price of C$44.79 per share, with a total value of C$44,790.00. Also, Director Maureen Howe purchased 2,400 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average cost of C$45.08 per share, for a total transaction of C$108,192.00. In the last ninety days, insiders bought 8,915 shares of company stock worth $334,311.

A number of research firms have weighed in on PPL. Industrial Alliance Securities raised Pembina Pipeline from a “buy” rating to a “strong-buy” rating and lowered their price objective for the stock from C$51.00 to C$50.00 in a research note on Wednesday. BMO Capital Markets lowered their price objective on Pembina Pipeline from C$48.00 to C$47.00 in a research note on Tuesday, February 6th. JPMorgan Chase & Co. boosted their price objective on Pembina Pipeline from C$53.00 to C$55.00 in a research note on Friday, December 8th. TD Securities boosted their price objective on 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. Finally, National Bank Financial boosted their price objective on Pembina Pipeline from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Pembina Pipeline currently has a consensus rating of “Buy” and an average target price of C$51.10.

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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.

Earnings History for Pembina Pipeline (TSE:PPL)

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