Cormark Research Analysts Decrease Earnings Estimates for Pembina Pipeline Co. (PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Cormark dropped their FY2017 EPS estimates for Pembina Pipeline in a report issued on Friday. Cormark analyst B. Watson now forecasts that the company will post earnings of $1.69 per share for the year, down from their previous estimate of $1.70.

Several other analysts have also weighed in on PPL. J P Morgan Chase & Co lifted their price objective on Pembina Pipeline from C$52.00 to C$53.00 in a report on Tuesday, September 26th. CIBC lifted their price objective on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Tuesday, October 3rd. Scotiabank lifted their price objective on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. National Bank Financial lifted their price objective on Pembina Pipeline from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Finally, TD Securities lifted their price objective on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Nine analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of C$50.67.

Shares of Pembina Pipeline (TSE:PPL) opened at C$44.27 on Monday. Pembina Pipeline has a fifty-two week low of C$39.03 and a fifty-two week high of C$46.17.

The business also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.18 dividend. This represents a $2.16 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Wednesday, November 22nd. Pembina Pipeline’s dividend payout ratio is 157.14%.

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Pembina Pipeline Company Profile

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 and Estimates for Pembina Pipeline (TSE:PPL)

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