Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) has earned a consensus rating of “Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is C$54.83.
A number of analysts have recently issued reports on PPL shares. AltaCorp Capital reissued an “outperform” rating on shares of Pembina Pipeline in a research report on Wednesday, February 13th. CIBC increased their price target on shares of Pembina Pipeline from C$52.00 to C$54.00 in a research report on Tuesday, February 5th. GMP Securities increased their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research report on Tuesday, February 5th. Raymond James reissued an “outperform” rating and issued a C$51.00 price target on shares of Pembina Pipeline in a research report on Monday, February 4th. Finally, CSFB raised shares of Pembina Pipeline from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$46.00 to C$54.00 in a research report on Friday, November 16th.
PPL stock traded up C$0.02 during mid-day trading on Thursday, reaching C$48.68. 1,077,107 shares of the stock traded hands, compared to its average volume of 1,336,073. The company has a current ratio of 0.70, a quick ratio of 0.50 and a debt-to-equity ratio of 53.72. Pembina Pipeline has a 52-week low of C$37.60 and a 52-week high of C$49.05. The firm has a market capitalization of $24.61 billion and a PE ratio of 19.97.
The firm 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. This represents a $2.28 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Friday, February 22nd. Pembina Pipeline’s payout ratio is presently 93.52%.
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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