Published: Fri, May 19, 2017
Business | By Max Garcia

Pembina Pipeline Corp (PPL) PT Raised to C$52.00

Pembina Pipeline Corp (PPL) PT Raised to C$52.00

Pembina Pipeline Corporation (NYSE:PBA) shares are holding above their moving averages, indicating a postitive uptrend for Basic Materials company. Parkwood Llc sold 31,205 shares as Ring Energy Inc (REI)'s stock 0.00%.

Pembina Pipeline Corp (NYSE:PBA) last issued its quarterly earnings results on Thursday, February 23rd. Puzo Michael J sold 11,625 shares as Pembina Pipeline Co (PBA)'s stock 0.00%. Huntington National Bank raised its position in Pembina Pipeline Corp by 7.6% in the first quarter. Van ECK Associates Corp now owns 3,405 shares of the pipeline company's stock valued at $108,000 after buying an additional 520 shares during the period. TD Asset Management Inc. raised its position in Pembina Pipeline Corp by 5.7% in the third quarter. They now have a United States dollars 44 price target on the stock. This is an increase from Pembina Pipeline Corp's previous monthly dividend of $0.12. Also, Director Jeffrey T. Smith acquired 1,030 shares of the company's stock in a transaction that occurred on Tuesday, May 9th. About 64,336 shares traded. The company has a market cap of $12.65 billion, a PE ratio of 33.82 and a beta of 0.72.

While many of Pembina's USA peers are paying high multiples for assets in the Permian Basin, which sometimes comes with upfront earnings dilution, J.P. Morgan analyst Jeremy Tonet noted that the Veresen deal brings highly-synergistic assets that offer accretion in year one. The stock has a 50-day moving average of $43.53 and a 200-day moving average of $41.80.

Pembina Pipeline Corp (TSE:PPL) traded up 0.058% during mid-day trading on Monday, hitting $43.055. The pipeline company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.26 by $0.02. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.02 billion. Pembina Pipeline had 8 analyst reports since August 10, 2015 according to SRatingsIntel. During the same quarter past year, the company posted $0.32 EPS. On average, analysts predict that Pembina Pipeline Corp will post $1.33 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, April 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.74%.

TRADEMARK VIOLATION NOTICE: "Winslow Evans & Crocker Inc". If you are accessing this report on another site, it was illegally copied and republished in violation of U.S. and worldwide trademark and copyright laws. The original version of this piece of content can be viewed at AlphaOne also assigned media coverage about the pipeline company an impact score of 40 out of 100, meaning that recent media coverage is unlikely to have an impact on the company's share price in the next several days. TD Securities raised their target price on Pembina Pipeline Corp from C$50.00 to C$51.00 and gave the company a "buy" rating in a report on Monday, May 8th. Scotiabank upped their price target on shares of Pembina Pipeline Corp from C$48.00 to C$49.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 5th. Raymond James Financial, Inc. decreased their price objective on shares of Pembina Pipeline Corp from C$50.00 to C$49.00 and set an "outperform" rating for the company in a research note on Tuesday, May 2nd.

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