Pembina Pipeline (TSE:PPL) Stock Rating Lowered by CIBC

CIBC cut shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) from an outperform rating to a neutral rating in a research note released on Tuesday, Price Targets.com reports. They currently have C$44.00 price target on the stock.

PPL has been the topic of a number of other reports. Scotiabank reissued a sector perform rating on shares of Pembina Pipeline in a report on Tuesday. Royal Bank of Canada reissued an outperform rating and issued a C$48.00 price target on shares of Pembina Pipeline in a report on Friday, November 5th. Raymond James set a C$43.50 price objective on Pembina Pipeline and gave the company a market perform rating in a research note on Monday, November 8th. Credit Suisse Group cut Pembina Pipeline to a neutral rating and set a C$46.00 price objective on the stock. in a research note on Wednesday, August 18th. Finally, TD Securities boosted their price objective on Pembina Pipeline from C$43.00 to C$45.00 and gave the company a buy rating in a research note on Monday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of C$43.92.

Shares of TSE:PPL opened at C$39.44 on Tuesday. The company’s 50-day moving average is C$40.70 and its 200 day moving average is C$39.91. The company has a debt-to-equity ratio of 81.09, a quick ratio of 0.40 and a current ratio of 0.54. The company has a market capitalization of C$21.69 billion and a P/E ratio of -105.74. Pembina Pipeline has a fifty-two week low of C$29.96 and a fifty-two week high of C$43.00.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, November 4th. The company reported C$1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.59 by C$0.42. The company had revenue of C$2.15 billion during the quarter. As a group, research analysts predict that Pembina Pipeline will post 2.5699998 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Wednesday, November 24th will be given a dividend of $0.21 per share. This represents a $2.52 annualized dividend and a dividend yield of 6.39%. The ex-dividend date is Tuesday, November 23rd. Pembina Pipeline’s dividend payout ratio is presently -675.60%.

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 8th. The stock was sold at an average price of C$39.80, for a total value of C$278,614.00. Following the completion of the sale, the insider now owns 8,000 shares of the company’s stock, valued at C$318,416. Also, Senior Officer Chris Scherman sold 1,501 shares of the company’s stock in a transaction that occurred on Friday, November 19th. The stock was sold at an average price of C$41.27, for a total value of C$61,952.27. Over the last 90 days, insiders purchased 266 shares of company stock worth $10,669.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 145 thousands of barrels of oil equivalent per day serving markets and basins across North America.

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Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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