Pembina Pipeline Corp (TSE:PPL) Receives C$42.91 Consensus Price Target from Brokerages

Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) have received an average recommendation of “Buy” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$42.91.

PPL has been the topic of a number of research analyst reports. CIBC increased their target price on Pembina Pipeline from C$37.00 to C$40.00 in a research note on Thursday, June 18th. National Bank Financial increased their target price on Pembina Pipeline from C$32.00 to C$37.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Tudor Pickering reissued a “buy” rating on shares of Pembina Pipeline in a research note on Friday, March 20th. UBS Group raised their price objective on Pembina Pipeline from C$35.00 to C$37.00 in a research note on Monday, June 8th. Finally, Raymond James set a C$36.00 price objective on Pembina Pipeline and gave the company an “outperform” rating in a research note on Monday, May 11th.

Shares of Pembina Pipeline stock traded down C$0.04 during trading on Tuesday, hitting C$33.39. The stock had a trading volume of 276,620 shares, compared to its average volume of 2,974,273. The firm has a market cap of $18.38 billion and a price-to-earnings ratio of 12.90. Pembina Pipeline has a 12 month low of C$15.27 and a 12 month high of C$53.79. The business’s 50-day moving average is C$34.47 and its 200 day moving average is C$39.26. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 66.51.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.50 earnings per share for the quarter, missing the consensus estimate of C$0.58 by C($0.08). The firm had revenue of C$1.67 billion for the quarter, compared to analysts’ expectations of C$2.01 billion. As a group, equities analysts expect that Pembina Pipeline will post 2.2800001 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.55%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 93.47%.

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 Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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