Pembina Pipeline Corp (PPL) Receives C$49.13 Average PT from Analysts
Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) have received a consensus rating of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$49.25.
A number of analysts recently weighed in on the company. Royal Bank Of Canada increased their price objective on Pembina Pipeline Corp from C$50.00 to C$52.00 and gave the company an “outperform” rating in a report on Monday, May 8th. National Bank Financial upgraded Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 2nd. AltaCorp Capital upgraded Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 3rd. TD Securities increased their price target on Pembina Pipeline Corp from C$50.00 to C$51.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Finally, Desjardins increased their price target on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, May 2nd.
In related news, insider Harold Andersen acquired 755 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were bought at an average price of C$43.57 per share, with a total value of C$32,895.35. Also, Director Jeffrey T. Smith acquired 1,030 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were bought at an average cost of C$43.59 per share, for a total transaction of C$44,897.70. Insiders have bought a total of 7,285 shares of company stock worth $317,253 in the last three months.
Shares of Pembina Pipeline Corp (TSE PPL) traded down 0.02% during midday trading on Friday, hitting $42.58. The company had a trading volume of 550,380 shares. Pembina Pipeline Corp has a one year low of $37.25 and a one year high of $44.65. The stock has a market capitalization of $17.07 billion and a price-to-earnings ratio of 33.50. The stock’s 50-day moving average price is $42.98 and its 200-day moving average price is $42.88.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, July 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.79%.
About Pembina Pipeline Corp
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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