Pembina Pipeline Corp (PPL) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) have been given a consensus recommendation of “Buy” by the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$54.46.

Several equities research analysts have commented on the stock. GMP Securities upped their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Tuesday, February 5th. CIBC upped their price target on shares of Pembina Pipeline from C$52.00 to C$54.00 in a report on Tuesday, February 5th. Raymond James reaffirmed an “outperform” rating and issued a C$51.00 price target on shares of Pembina Pipeline in a report on Monday, February 4th. National Bank Financial lowered their price target on shares of Pembina Pipeline from C$58.00 to C$57.00 and set an “outperform” rating on the stock in a report on Wednesday, January 23rd. Finally, BMO Capital Markets lowered their price target on shares of Pembina Pipeline from C$54.00 to C$53.00 in a report on Tuesday, December 11th.

In other news, Director Bruce D. Rubin bought 4,000 shares of the stock in a transaction dated Monday, November 19th. The shares were acquired at an average cost of C$34.03 per share, with a total value of C$136,120.00.

TSE PPL opened at C$47.66 on Thursday. The company has a debt-to-equity ratio of 53.72, a quick ratio of 0.50 and a current ratio of 0.70. Pembina Pipeline has a 1 year low of C$37.60 and a 1 year high of C$47.84. The firm has a market capitalization of $23.91 billion and a P/E ratio of 19.55.

The company also recently announced a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, February 25th will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Friday, February 22nd. Pembina Pipeline’s payout ratio is currently 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.

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Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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