Pembina Pipeline - PPL Stock Forecast, Price & News

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 105 thousands of barrels of oil equivalent per day serving markets and basins across North America. The Facilities segment offers infrastructure that provides customers with natural gas, condensate, and natural gas liquids (NGLs), including ethane, propane, butane, and condensate; and includes 354 thousands of barrels per day of NGL fractionation capacity, 21 millions of barrels of cavern storage capacity, and associated pipeline and rail terminalling facilities. The Marketing & New Ventures segment buys and sells hydrocarbon liquids and natural gas originating in the Western Canadian sedimentary basin and other basins. Pembina Pipeline Corporation was incorporated in 1954 and is headquartered in Calgary, Canada.

Pembina Pipeline Price Performance

Shares of PPL opened at C$47.99 on Friday. The company has a market capitalization of C$26.63 billion and a P/E ratio of 20.85. The company has a quick ratio of 0.44, a current ratio of 0.55 and a debt-to-equity ratio of 81.35. The firm has a 50 day moving average of C$47.24 and a 200 day moving average of C$46.81. Pembina Pipeline has a twelve month low of C$37.02 and a twelve month high of C$53.58.

Pembina Pipeline (TSE:PPL - Get Rating) (NYSE:PBA) last issued its earnings results on Thursday, August 4th. The company reported C$0.69 earnings per share for the quarter, topping the consensus estimate of C$0.62 by C$0.07. The firm had revenue of C$3.10 billion during the quarter. As a group, equities research analysts anticipate that Pembina Pipeline will post 3.03 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be issued a dividend of $0.21 per share. This represents a $2.52 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Wednesday, August 24th. Pembina Pipeline's dividend payout ratio (DPR) is presently 110.04%.

Analyst Ratings Changes

PPL has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Pembina Pipeline from C$51.00 to C$53.00 in a report on Wednesday, May 25th. TD Securities raised their price target on Pembina Pipeline from C$50.00 to C$54.00 and gave the stock a "buy" rating in a research report on Monday, May 9th. Scotiabank upped their price objective on Pembina Pipeline from C$54.00 to C$55.00 in a report on Friday, May 6th. National Bankshares lifted their price objective on shares of Pembina Pipeline from C$45.00 to C$48.00 and gave the stock a "sector perform" rating in a research note on Monday, May 9th. Finally, Raymond James boosted their price objective on Pembina Pipeline from C$45.00 to C$49.00 and gave the company a "market perform" rating in a research report on Friday, August 5th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Pembina Pipeline has a consensus rating of "Moderate Buy" and a consensus target price of C$50.53.

Insider Activity

In other Pembina Pipeline news, Senior Officer Chris Scherman sold 2,737 shares of the business's stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of C$50.64, for a total transaction of C$138,600.59. In other news, Senior Officer J. Scott Burrows sold 15,000 shares of the stock in a transaction on Thursday, May 19th. The stock was sold at an average price of C$50.48, for a total value of C$757,216.50. Following the completion of the sale, the insider now owns 11,000 shares in the company, valued at C$555,292.10. Also, Senior Officer Chris Scherman sold 2,737 shares of the firm's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of C$50.64, for a total transaction of C$138,600.59. Insiders sold 49,281 shares of company stock valued at $2,542,641 in the last ninety days.