Pembina Pipeline Corp (PPL) Receives Average Recommendation of “Buy” from Brokerages
Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) have earned an average rating of “Buy” from the seventeen brokerages that are currently covering the stock. Four research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$44.25.
Several research analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of Pembina Pipeline Corp from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. CIBC increased their target price on Pembina Pipeline Corp from C$46.00 to C$47.00 in a research note on Wednesday, October 19th. RBC Capital Markets increased their target price on Pembina Pipeline Corp from C$42.00 to C$45.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. TD Securities increased their target price on Pembina Pipeline Corp from C$44.00 to C$46.00 and gave the company a “buy” rating in a research note on Monday, November 7th. Finally, AltaCorp Capital raised Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research note on Monday, November 7th.
Shares of Pembina Pipeline Corp (TSE:PPL) traded down 0.58% on Wednesday, reaching $37.85. The company’s stock had a trading volume of 537,680 shares. The stock has a 50 day moving average of $40.16 and a 200-day moving average of $39.22. The firm has a market cap of $14.95 billion and a price-to-earnings ratio of 36.29. Pembina Pipeline Corp has a 12 month low of $26.05 and a 12 month high of $41.98.
The company also recently announced a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.04%.
Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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