Pembina Pipeline (PPL) Hits New 1-Year Low at $43.95

Shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) reached a new 52-week low on Friday . The company traded as low as C$43.95 and last traded at C$44.01, with a volume of 516640 shares. The stock had previously closed at C$44.47.

A number of analysts recently weighed in on PPL shares. CIBC decreased their target price on shares of Pembina Pipeline to C$53.00 in a report on Monday, May 7th. BMO Capital Markets increased their price target on shares of Pembina Pipeline from C$47.00 to C$50.00 in a report on Friday, February 23rd. National Bank Financial increased their price target on shares of Pembina Pipeline from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. TD Securities decreased their price target on shares of Pembina Pipeline from C$53.00 to C$51.00 and set a “buy” rating on the stock in a report on Monday, February 26th. Finally, Scotiabank increased their price target on shares of Pembina Pipeline from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Pembina Pipeline currently has a consensus rating of “Buy” and a consensus price target of C$51.69.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.70 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.51 by C$0.19. The firm had revenue of C$1.72 billion for the quarter. Pembina Pipeline had a net margin of 10.28% and a return on equity of 6.24%.

The firm also recently announced a monthly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, May 25th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, May 24th. This represents a $2.28 annualized dividend and a dividend yield of 5.14%. This is a positive change from Pembina Pipeline’s previous monthly dividend of $0.18.

In related news, insider Michael H. Dilger sold 5,000 shares of the stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of C$33.94, for a total transaction of C$169,700.00.

About Pembina Pipeline

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company 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; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.

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