Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) have received a consensus recommendation of “Buy” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$54.46.
A number of equities analysts recently weighed in on PPL shares. National Bank Financial increased 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 research report on Friday, November 2nd. CIBC lowered their price objective on shares of Pembina Pipeline from C$53.00 to C$52.00 in a research report on Tuesday, January 15th. Cormark increased their price objective on shares of Pembina Pipeline from C$55.00 to C$58.00 in a research report on Monday, November 5th. BMO Capital Markets increased their price objective on shares of Pembina Pipeline from C$52.00 to C$54.00 in a research report on Friday, November 2nd. Finally, GMP Securities increased their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research report on Tuesday, February 5th.
Shares of TSE PPL opened at C$47.66 on Thursday. The company has a market cap of $23.91 billion and a PE ratio of 19.55. The company has a debt-to-equity ratio of 53.72, a current ratio of 0.70 and a quick ratio of 0.50. Pembina Pipeline has a 1 year low of C$37.60 and a 1 year high of C$47.84.
The business also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, February 25th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, February 22nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.78%. Pembina Pipeline’s payout ratio is currently 90.65%.
In other Pembina Pipeline news, Director Bruce D. Rubin purchased 4,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was bought at an average price of C$34.03 per share, with a total value of C$136,120.00.
About Pembina Pipeline
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.
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