JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Pembina Pipeline Corp (TSE:PPL) in a research report sent to investors on Thursday. JPMorgan Chase & Co. currently has a C$47.00 price target on the stock.
A number of other equities analysts have also weighed in on PPL. RBC Capital Markets upped their price target on shares of Pembina Pipeline Corp from C$42.00 to C$45.00 and gave the stock an outperform rating in a research report on Monday, August 8th. CSFB lowered shares of Pembina Pipeline Corp from an outperform rating to a neutral rating in a research report on Monday, June 20th. TD Securities upped their price target on shares of Pembina Pipeline Corp from C$41.00 to C$44.00 and gave the stock a buy rating in a research report on Monday, August 8th. GMP Securities assumed coverage on shares of Pembina Pipeline Corp in a research report on Monday, June 27th. They issued a buy rating for the company. Finally, Scotiabank reiterated an outperform rating and issued a C$44.00 price target on shares of Pembina Pipeline Corp in a research report on Monday, August 8th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of C$43.69.
Pembina Pipeline Corp (TSE:PPL) opened at 40.29 on Thursday. Pembina Pipeline Corp has a 12 month low of $26.05 and a 12 month high of $41.00. The stock has a market cap of $15.79 billion and a PE ratio of 37.27. The company has a 50-day moving average of $39.68 and a 200-day moving average of $38.58.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.16 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend is Friday, October 21st.
Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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