Pembina Pipeline (TSE:PPL) Earns Buy Rating from UBS Group

UBS Group reiterated their buy rating on shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) in a research note released on Tuesday, Price Targets.com reports. They currently have a C$44.00 price objective on the stock.

A number of other equities analysts also recently issued reports on PPL. National Bankshares lifted their price objective on shares of Pembina Pipeline from C$40.00 to C$41.00 and gave the stock a sector perform rating in a report on Monday, November 8th. Scotiabank lifted their price objective on shares of Pembina Pipeline from C$42.00 to C$43.00 in a report on Friday, November 5th. Tudor Pickering reissued a buy rating and issued a C$45.00 price target on shares of Pembina Pipeline in a report on Friday, November 5th. Tudor Pickering & Holt set a C$45.00 price target on shares of Pembina Pipeline and gave the stock a buy rating in a report on Friday, November 5th. Finally, CSFB downgraded shares of Pembina Pipeline from an outperform rating to a neutral rating and boosted their price target for the stock from C$42.00 to C$46.00 in a report on Wednesday, August 18th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of C$43.92.

Shares of PPL stock opened at C$39.44 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.40 and a debt-to-equity ratio of 81.09. The firm has a market capitalization of C$21.69 billion and a PE ratio of -105.74. The firm has a fifty day simple moving average of C$40.70 and a two-hundred day simple moving average of C$39.91. Pembina Pipeline has a 12 month low of C$29.96 and a 12 month high of C$43.00.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, November 4th. The company reported C$1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.59 by C$0.42. The firm had revenue of C$2.15 billion for the quarter. On average, equities analysts predict that Pembina Pipeline will post 2.5699998 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 15th. Investors of record on Wednesday, November 24th will be paid a $0.21 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend is Tuesday, November 23rd. Pembina Pipeline’s dividend payout ratio is currently -675.60%.

In other news, Senior Officer J. Scott Burrows sold 7,000 shares of the company’s stock in a transaction dated Wednesday, September 8th. The stock was sold at an average price of C$39.80, for a total transaction of C$278,614.00. Following the sale, the insider now directly owns 8,000 shares in the company, valued at C$318,416. Also, Senior Officer Chris Scherman sold 1,501 shares of the company’s stock in a transaction dated Friday, November 19th. The shares were sold at an average price of C$41.27, for a total value of C$61,952.27. Insiders purchased a total of 266 shares of company stock worth $10,669 over the last 90 days.

Pembina Pipeline Company Profile

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 145 thousands of barrels of oil equivalent per day serving markets and basins across North America.

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Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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