Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $50.28. Pembina Pipeline shares last traded at $50.26, with a volume of 273,747 shares traded.
A number of research firms recently commented on PPL. CSFB lifted their price target on Pembina Pipeline from C$54.00 to C$58.00 in a report on Thursday, April 25th. Raymond James reiterated a “buy” rating and set a $0.65 price target on shares of DB Commodity Double Short ETN in a report on Wednesday, May 15th. CIBC lifted their price target on Winpak from C$47.00 to C$48.00 in a report on Wednesday, April 24th. Finally, National Bank Financial reduced their price target on Yamana Gold from C$5.25 to C$5.00 in a report on Thursday, March 21st. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$56.27.
The stock has a market cap of $25.48 billion and a P/E ratio of 22.49. The company has a fifty day moving average of C$48.58. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 55.61.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.04). The firm had revenue of C$1.97 billion during the quarter, compared to the consensus estimate of C$2.09 billion. On average, equities analysts predict that Pembina Pipeline Corp will post 2.63 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 25th will be issued a dividend of $0.20 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Monday, June 24th. This is a boost from Pembina Pipeline’s previous monthly dividend of $0.19. Pembina Pipeline’s payout ratio is currently 101.66%.
Pembina Pipeline Company Profile (TSE:PPL)
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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