Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) Senior Officer Michael H. Dilger sold 25,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$16.51, for a total transaction of C$412,850.00.
PPL stock opened at C$29.40 on Friday. The stock has a market capitalization of $12.66 billion and a P/E ratio of 11.09. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 65.42. Pembina Pipeline Corp has a 12 month low of C$15.27 and a 12 month high of C$53.79. The firm has a 50-day moving average price of C$42.55 and a 200-day moving average price of C$46.77.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, February 27th. The company reported C$0.21 EPS for the quarter, missing analysts’ consensus estimates of C$0.54 by C($0.33). The firm had revenue of C$1.75 billion for the quarter, compared to analysts’ expectations of C$1.81 billion. As a group, equities analysts predict that Pembina Pipeline Corp will post 2.7600001 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which was paid on Friday, March 13th. Stockholders of record on Tuesday, February 25th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 8.57%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 89.06%.
Several research firms recently weighed in on PPL. National Bank Financial cut their price objective on shares of Pembina Pipeline from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. UBS Group dropped their target price on shares of Pembina Pipeline from C$50.00 to C$49.00 in a report on Tuesday, December 17th. CSFB set a C$58.00 target price on shares of Pembina Pipeline and gave the stock an “outperform” rating in a report on Friday, February 28th. CIBC increased their target price on shares of Pembina Pipeline from C$56.00 to C$59.00 in a report on Wednesday, January 15th. Finally, Scotiabank increased their target price on shares of Pembina Pipeline from C$55.00 to C$58.00 in a report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$55.10.
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 Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.
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