FY2017 EPS Estimates for Pembina Pipeline Corp (PPL) Reduced by Cormark
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.
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