Pembina Pipeline (TSE:PPL – Get Rating) (NYSE:PBA) had its price target trimmed by BMO Capital Markets from C$55.00 to C$54.00 in a research note published on Tuesday, BayStreet.CA reports.
A number of other brokerages also recently issued reports on PPL. CSFB cut their price target on shares of Pembina Pipeline from C$56.00 to C$55.00 in a report on Friday, August 26th. CIBC cut their price target on shares of Pembina Pipeline from C$54.00 to C$50.00 in a report on Thursday, July 21st. JPMorgan Chase & Co. increased their price target on shares of Pembina Pipeline from C$51.00 to C$53.00 in a report on Wednesday, May 25th. Credit Suisse Group dropped their target price on shares of Pembina Pipeline to C$55.00 in a report on Friday, August 26th. Finally, Raymond James raised their target price on shares of Pembina Pipeline from C$45.00 to C$49.00 and gave the company a market perform rating in a report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of C$50.82.
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Pembina Pipeline Stock Down 0.4 %
Shares of Pembina Pipeline stock opened at C$46.44 on Tuesday. The firm has a fifty day moving average of C$47.23 and a two-hundred day moving average of C$47.92. The company has a debt-to-equity ratio of 79.92, a quick ratio of 0.30 and a current ratio of 1.28. The company has a market cap of C$25.77 billion and a P/E ratio of 17.88. Pembina Pipeline has a one year low of C$37.02 and a one year high of C$53.58.
Pembina Pipeline (TSE:PPL – Get Rating) (NYSE:PBA) last announced its quarterly earnings results on Thursday, August 4th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.62 by C$0.07. The company had revenue of C$3.10 billion during the quarter. On average, analysts forecast that Pembina Pipeline will post 2.8706033 earnings per share for the current year.
Pembina Pipeline Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 23rd will be given a $0.218 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This is a boost from Pembina Pipeline's previous monthly dividend of $0.21. This represents a $2.62 annualized dividend and a dividend yield of 5.63%. Pembina Pipeline's dividend payout ratio (DPR) is currently 97.67%.
Insider Buying and Selling
In related news, Senior Officer J. Scott Burrows sold 7,004 shares of the firm's stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of C$48.76, for a total value of C$341,540.95. Following the sale, the insider now directly owns 12,310 shares of the company's stock, valued at C$600,281.15. Over the last three months, insiders have purchased 241 shares of company stock valued at $10,428.
About Pembina Pipeline
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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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