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.
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