Shares of Pembina Pipeline Co. (TSE:PPL – Get Rating) (NYSE:PBA) have received an average rating of “Hold” from the fourteen research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$51.07.
Several research analysts recently issued reports on PPL shares. Scotiabank reduced their target price on shares of Pembina Pipeline from C$55.00 to C$50.00 in a report on Thursday, October 20th. CIBC boosted their price objective on Pembina Pipeline from C$50.00 to C$52.00 in a report on Monday. Credit Suisse Group lowered Pembina Pipeline to a “neutral” rating and set a C$52.00 target price on the stock. in a report on Friday, December 9th. BMO Capital Markets decreased their price target on Pembina Pipeline from C$55.00 to C$54.00 in a report on Tuesday, September 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Pembina Pipeline from C$54.00 to C$51.00 in a research note on Monday, October 24th.
Pembina Pipeline Stock Up 0.4 %
Pembina Pipeline stock opened at C$46.48 on Wednesday. The business’s 50-day simple moving average is C$46.38 and its two-hundred day simple moving average is C$46.02. The company has a debt-to-equity ratio of 69.08, a quick ratio of 0.50 and a current ratio of 0.69. The company has a market cap of C$25.64 billion and a PE ratio of 9.66. Pembina Pipeline has a fifty-two week low of C$37.51 and a fifty-two week high of C$53.58.
Pembina Pipeline Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Thursday, December 15th. Shareholders of record on Friday, November 25th were issued a dividend of $0.218 per share. This represents a $2.62 annualized dividend and a yield of 5.63%. The ex-dividend date was Thursday, November 24th. Pembina Pipeline’s payout ratio is 52.55%.
Insider Transactions at Pembina Pipeline
In related news, Senior Officer J. Scott Burrows sold 6,450 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of C$47.33, for a total value of C$305,253.99. Following the transaction, the insider now directly owns 14,174 shares of the company’s stock, valued at approximately C$670,801.56. Insiders purchased 266 shares of company stock valued at $11,663 over the last 90 days.
About Pembina Pipeline
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.
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