Pembina Pipeline (PPL) Sets New 52-Week High at $50.04

Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) shares reached a new 52-week high during trading on Friday . The company traded as high as C$50.04 and last traded at C$49.80, with a volume of 2687380 shares trading hands. The stock had previously closed at C$49.47.

A number of research analysts have recently commented on the stock. Raymond James set a C$51.00 price objective on shares of Pembina Pipeline and gave the company an “outperform” rating in a research note on Friday, February 22nd. GMP Securities upped their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research note on Tuesday, February 5th. National Bank Financial upped their price objective on shares of Pembina Pipeline from C$57.00 to C$58.00 and gave the company an “outperform” rating in a research note on Friday, February 22nd. Royal Bank of Canada upped their price objective on shares of Pembina Pipeline from C$54.00 to C$55.00 and gave the company an “outperform” rating in a research note on Monday, February 25th. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Wednesday, February 13th. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of C$55.27.

The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 52.33. The firm has a market capitalization of $25.03 billion and a PE ratio of 21.89.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, February 21st. The company reported C$0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.63 by C$0.03. The firm had revenue of C$1.73 billion for the quarter, compared to analysts’ expectations of C$1.95 billion. Analysts expect that Pembina Pipeline Corp will post 2.89000001592774 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, February 25th will be issued a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Friday, February 22nd. Pembina Pipeline’s payout ratio is currently 98.55%.

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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 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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