Pembina Pipeline Corp (PPL) Receives C$54.46 Consensus PT from Brokerages

Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) has earned an average rating of “Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$54.46.

A number of analysts have commented on the stock. CSFB upgraded shares of Pembina Pipeline from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$46.00 to C$54.00 in a research note on Friday, November 16th. Raymond James lifted their price objective on shares of Pembina Pipeline from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a report on Tuesday, November 6th. Canaccord Genuity lifted their price objective on shares of Pembina Pipeline from C$52.00 to C$58.00 in a report on Monday, November 5th. Cormark lifted their price objective on shares of Pembina Pipeline from C$55.00 to C$58.00 in a report on Monday, November 5th. Finally, National Bank Financial lifted their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd.

In other Pembina Pipeline news, Director Bruce D. Rubin acquired 4,000 shares of Pembina Pipeline stock in a transaction that occurred on Monday, November 19th. The stock was bought at an average cost of C$34.03 per share, for a total transaction of C$136,120.00. Also, insider Cameron Goldade sold 2,000 shares of Pembina Pipeline stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of C$25.96, for a total value of C$51,920.00.

PPL opened at C$45.17 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 53.72. Pembina Pipeline has a fifty-two week low of C$37.60 and a fifty-two week high of C$47.84.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend is Wednesday, November 21st. Pembina Pipeline’s payout ratio is 90.65%.

Pembina Pipeline Company Profile

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 company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.

See Also: How do investors use RSI to grade stocks?

Analyst Recommendations for Pembina Pipeline (TSE:PPL)

Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit