Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) – Research analysts at Cormark decreased their FY2017 earnings estimates for shares of Pembina Pipeline Corp in a research report issued on Thursday. Cormark analyst B. Watson now anticipates that the company will post earnings of $1.89 per share for the year, down from their previous forecast of $2.23. Cormark also issued estimates for Pembina Pipeline Corp’s FY2018 earnings at $2.76 EPS.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada upped their price target on shares of Pembina Pipeline Corp from C$50.00 to C$52.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Desjardins upped their price target on shares of Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company a “buy” rating in a research report on Tuesday, May 2nd. AltaCorp Capital upgraded shares of Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, May 3rd. TD Securities upped their price target on shares of Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, 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 report on Tuesday, May 2nd. Nine analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of C$48.67.

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Pembina Pipeline Corp (TSE PPL) opened at 42.47 on Monday. Pembina Pipeline Corp has a 52 week low of $37.25 and a 52 week high of $44.65. The company has a market capitalization of $17.12 billion and a PE ratio of 33.18. The firm has a 50-day moving average of $42.98 and a 200-day moving average of $42.88.

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Wednesday, August 23rd.

In other news, Director Bruce D. Rubin acquired 5,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was bought at an average cost of C$43.65 per share, for a total transaction of C$218,250.00. Also, insider Harold Andersen acquired 755 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were purchased at an average price of C$43.57 per share, with a total value of C$32,895.35. Over the last quarter, insiders have bought 6,255 shares of company stock valued at $272,355.

Pembina Pipeline Corp Company Profile

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

Earnings History and Estimates for Pembina Pipeline Corp (TSE:PPL)

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