Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) have received a consensus recommendation of “Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$51.70.
Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Pembina Pipeline from C$53.00 to C$55.00 in a research note on Friday, December 8th. CIBC increased their price objective on shares of Pembina Pipeline from C$50.00 to C$51.00 in a research note on Thursday, January 11th. National Bank Financial increased their price objective on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Thursday, November 30th. Scotiabank increased their price objective on shares of Pembina Pipeline from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Finally, TD Securities dropped their price objective on shares of Pembina Pipeline from C$53.00 to C$51.00 and set a “buy” rating on the stock in a research note on Monday, February 26th.
In other news, Director Bruce D. Rubin bought 5,000 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was purchased at an average price of C$35.37 per share, for a total transaction of C$176,850.00. In the last 90 days, insiders acquired 5,515 shares of company stock valued at $181,329.
Pembina Pipeline (PPL) traded up C$0.36 on Friday, reaching C$41.04. 2,426,295 shares of the company traded hands, compared to its average volume of 1,152,998. The firm has a market capitalization of $20,670.00, a price-to-earnings ratio of 20.95 and a beta of 0.29. Pembina Pipeline has a 52-week low of C$38.10 and a 52-week high of C$46.17.
The company also recently announced a monthly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Sunday, March 25th will be given a $0.18 dividend. This represents a $2.16 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend is Thursday, March 22nd. Pembina Pipeline’s dividend payout ratio (DPR) is 104.08%.
Pembina Pipeline Company Profile
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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