Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) is set to release its earnings data after the market closes on Thursday, November 2nd. Analysts expect Pembina Pipeline Corp to post earnings of C$0.39 per share for the quarter.
Pembina Pipeline Corp (TSE:PPL) opened at 42.65 on Wednesday. The stock’s 50 day moving average price is $42.42 and its 200-day moving average price is $42.55. The firm has a market cap of $17.19 billion and a price-to-earnings ratio of 33.32. Pembina Pipeline Corp has a one year low of $37.25 and a one year high of $44.65.
The business also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, October 25th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.06%. This is an increase from Pembina Pipeline Corp’s previous monthly dividend of $0.17.
In other news, insider Michael H. Dilger bought 10,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were bought at an average price of C$32.32 per share, with a total value of C$323,200.00.
A number of analysts recently issued reports on the company. Scotiabank lifted their target price on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 4th. CIBC lifted their target price on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Tuesday, October 3rd. AltaCorp Capital raised Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 19th. TD Securities lifted their target price on Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, J P Morgan Chase & Co boosted their price target on Pembina Pipeline Corp from C$52.00 to C$53.00 in a research report on Tuesday, September 26th. Nine research analysts have rated the stock with a buy rating, Pembina Pipeline Corp currently has an average rating of “Buy” and an average price target of C$49.67.
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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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