FY2017 Earnings Estimate for Pembina Pipeline Co. Issued By Cormark (PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Cormark dropped their FY2017 EPS estimates for shares of Pembina Pipeline in a report released on Friday. Cormark analyst B. Watson now forecasts that the company will earn $1.69 per share for the year, down from their previous forecast of $1.70.

Several other research analysts have also recently commented on the company. Scotiabank raised their target price on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 4th. National Bank Financial raised their target price on Pembina Pipeline from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. CIBC increased their price objective on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 3rd. J P Morgan Chase & Co increased their price objective on Pembina Pipeline from C$52.00 to C$53.00 in a research note on Tuesday, September 26th. Finally, TD Securities increased their price objective on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Nine investment analysts have rated the stock with a buy rating, Pembina Pipeline has a consensus rating of “Buy” and a consensus target price of C$50.67.

Pembina Pipeline (PPL) opened at C$44.51 on Monday. Pembina Pipeline has a 12-month low of C$39.03 and a 12-month high of C$46.17.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $2.16 annualized dividend and a yield of 4.85%. Pembina Pipeline’s dividend payout ratio is currently 157.14%.

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About Pembina Pipeline

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.

Earnings History and Estimates for Pembina Pipeline (TSE:PPL)

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