Shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) have earned a consensus rating of “Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$51.70.
Several equities research analysts have recently commented on PPL shares. CIBC lifted their price objective on shares of Pembina Pipeline from C$51.00 to C$53.00 in a research note on Friday, February 23rd. TD Securities lowered their price objective on shares of Pembina Pipeline from C$53.00 to C$51.00 and set a “buy” rating for the company in a research note on Monday, February 26th. National Bank Financial lifted their price objective on shares of 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. BMO Capital Markets lifted their price objective on shares of Pembina Pipeline from C$47.00 to C$50.00 in a research note on Friday, February 23rd. Finally, Scotiabank lifted their price objective on shares of Pembina Pipeline from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th.
TSE PPL traded up C$0.49 on Thursday, hitting C$39.12. The stock had a trading volume of 472,218 shares, compared to its average volume of 1,169,976. Pembina Pipeline has a 52-week low of C$37.60 and a 52-week high of C$46.17.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.51 by C$0.19. Pembina Pipeline had a net margin of 10.28% and a return on equity of 6.24%. The business had revenue of C$1.72 billion for the quarter.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 15th. Investors of record on Wednesday, April 25th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, April 24th. This represents a $2.16 dividend on an annualized basis and a yield of 5.52%.
In other Pembina Pipeline news, Director Bruce D. Rubin bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was bought at an average cost of C$35.37 per share, for a total transaction of C$176,850.00.
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Pembina Pipeline Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through five segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services, Midstream, and Veresen. The Conventional Pipelines segment operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota.
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