Several other analysts also recently commented on PPL. BMO Capital Markets increased their price objective on Pembina Pipeline from C$52.00 to C$54.00 in a research note on Friday, November 2nd. Raymond James raised their price target on Pembina Pipeline from C$50.00 to C$51.00 and gave the stock an outperform rating in a report on Tuesday, November 6th. National Bank Financial raised their price target on 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 increased their price objective on Pembina Pipeline from C$51.00 to C$53.00 in a research report on Friday, November 2nd. Finally, Canaccord Genuity increased their price objective on Pembina Pipeline from C$52.00 to C$58.00 in a research report on Monday, November 5th. Five analysts have rated the stock with a buy rating, Pembina Pipeline currently has a consensus rating of Buy and a consensus target price of C$55.27.
PPL stock traded up C$0.75 during trading on Tuesday, reaching C$48.91. 1,058,000 shares of the stock were exchanged, compared to its average volume of 1,336,789. Pembina Pipeline has a twelve month low of C$37.60 and a twelve month high of C$49.12. The company has a debt-to-equity ratio of 52.33, a quick ratio of 0.50 and a current ratio of 0.68. The company has a market cap of $24.85 billion and a P/E ratio of 21.52.
The business also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, February 25th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, February 22nd. This represents a $2.28 annualized dividend and a dividend yield of 4.66%. Pembina Pipeline’s dividend payout ratio is currently 98.55%.
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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