Analysts Set Pembina Pipeline Corp (PPL) Target Price at $54.46

Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) have received an average recommendation of “Buy” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is C$54.83.

PPL has been the topic of a number of research reports. National Bank Financial increased their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. CIBC dropped their target price on shares of Pembina Pipeline from C$53.00 to C$52.00 in a report on Tuesday, January 15th. Cormark increased their target price on shares of Pembina Pipeline from C$55.00 to C$58.00 in a report on Monday, November 5th. BMO Capital Markets increased their price objective on shares of Pembina Pipeline from C$52.00 to C$54.00 in a report on Friday, November 2nd. Finally, GMP Securities increased their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Tuesday, February 5th.

Shares of TSE:PPL traded up C$0.02 on Thursday, reaching C$48.68. 1,077,107 shares of the company’s stock were exchanged, compared to its average volume of 1,336,073. The stock has a market capitalization of $24.61 billion and a price-to-earnings ratio of 19.97. Pembina Pipeline has a fifty-two week low of C$37.60 and a fifty-two week high of C$49.05. The company has a debt-to-equity ratio of 53.72, a quick ratio of 0.50 and a current ratio of 0.70.



The company also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, February 25th will be issued a $0.19 dividend. The ex-dividend date is Friday, February 22nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.68%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 93.52%.

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 company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.

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Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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