Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $48.77 and traded as low as $49.33. Pembina Pipeline shares last traded at $49.79, with a volume of 198,595 shares.
PPL has been the subject of several recent analyst reports. CIBC raised their price target on Winpak from C$47.00 to C$48.00 in a report on Wednesday, April 24th. National Bank Financial lowered their price target on Yamana Gold from C$5.25 to C$5.00 in a report on Thursday, March 21st. Raymond James reissued a “buy” rating and issued a $0.65 price target on shares of DB Commodity Double Short ETN in a report on Wednesday, May 15th. Finally, CSFB raised their price target on Pembina Pipeline from C$54.00 to C$58.00 in a report on Thursday, April 25th. Five investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of C$56.27.
The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 55.61. The stock has a market capitalization of $25.20 billion and a PE ratio of 22.27. The firm has a fifty day moving average price of C$48.80.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, May 2nd. The company reported C$0.55 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.59 by C($0.04). The company had revenue of C$1.97 billion during the quarter, compared to analysts’ expectations of C$2.09 billion. Research analysts predict that Pembina Pipeline Corp will post 2.6300001 earnings per share for the current year.
The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be issued a dividend of $0.20 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Wednesday, July 24th. Pembina Pipeline’s dividend payout ratio (DPR) is 101.66%.
Pembina Pipeline Company Profile (TSE:PPL)
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 Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.
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