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.
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