Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) announced a monthly dividend on Tuesday, April 9th, Zacks reports. Stockholders of record on Thursday, April 25th will be given a dividend of 0.19 per share on Wednesday, May 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Wednesday, April 24th.
PPL traded up C$0.16 during midday trading on Friday, reaching C$47.63. 1,833,500 shares of the company’s stock traded hands, compared to its average volume of 1,400,821. The firm has a market capitalization of $24.29 billion and a price-to-earnings ratio of 21.33. The company has a debt-to-equity ratio of 55.61, a current ratio of 0.60 and a quick ratio of 0.50. Pembina Pipeline has a 52 week low of C$39.15 and a 52 week high of C$50.65.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, February 21st. The company reported C$0.66 EPS for the quarter, beating analysts’ consensus estimates of C$0.63 by C$0.03. The business had revenue of C$1.73 billion for the quarter, compared to the consensus estimate of C$1.95 billion. As a group, sell-side analysts expect that Pembina Pipeline will post 2.76999997960665 EPS for the current fiscal year.
A number of research analysts have commented on PPL shares. National Bank Financial lowered their price target on Pembina Pipeline from C$58.00 to C$57.00 and set an “outperform” rating for the company in a research report on Wednesday, January 23rd. CIBC lowered their price target on Pembina Pipeline from C$53.00 to C$52.00 in a research report on Tuesday, January 15th. Raymond James set a C$51.00 target price on Pembina Pipeline and gave the stock an “outperform” rating in a report on Friday, February 22nd. GMP Securities upped their target price on Pembina Pipeline from C$56.00 to C$58.00 in a report on Tuesday, February 5th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Pembina Pipeline in a report on Wednesday, February 13th. Five 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.
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About Pembina Pipeline
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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