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%.
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.
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