Pembina Pipeline (TSE:PPL) hits new 52-week high after analyst update

Pembina Pipeline Co stock price (TSE:PPL – Get Your Free Report ) (NYSE:PBA) hit a new 52-week high during mid-day trading on Friday, after National Bankshares boosted their price target on the stock from 53.00 USD to USD 57.00. National Bankshares currently has a sector perform rating on the stock. Pembina Pipeline traded as high as $53.93 and last traded at $53.91 with a volume of 597834 shares traded. Shares previously closed at $53.34.

Other research analysts have also issued reports on the company. BMO Capital Markets upped their price objective on Pembina Pipeline from $54.00 to $56.00 in a research report on Friday, August 9th. Jefferies Financial Group upped their target price on shares of Pembina Pipeline from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, July 29th. TD Securities boosted their price target on Pembina Pipeline from $53.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Citigroup upped their price objective on shares of Pembina Pipeline from $50.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Finally, Tudor Pickering & Holt boosted their price target on Pembina Pipeline from $55.00 to $56.00 in a research report on Friday, July 5th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.38, according to MarketBeat.

Read our latest report on the Pembina Pipeline

Insider activity at Pembina Pipeline

In other Pembina Pipeline news, COO Jaret Sprott sold 37,414 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $52.55, for a total transaction of $1,965,933.60. In other Pembina Pipeline news, COO Stuart Taylor sold 29,034 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $50.44, for a total transaction of $1,464,474.96. Also, COO Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $52.55, for a total value of $1,965,933.60. Company insiders hold 0.05% of the company’s shares.

Pembina pipeline stock up 0.9%

The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69, and a quick ratio of 0.50. The stock has a market cap of $31.22 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 4.80 and a beta of 1.48. The company has a fifty day moving average of $51.76 and a 200 day moving average of $49.48.

Pembina Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be issued a $0.69 dividend. This represents a dividend of $2.76 on an annualized basis and a yield of 5.13%. The ex-dividend date is Monday, September 16. Pembina Pipeline’s dividend payout ratio is currently 84.66%.

About the Pembina Pipeline

(Get a free report)

Pembina Pipeline Corporation provides energy transmission and midstream services. It operates through three segments: pipelines, facilities and marketing, and new ventures. The Pipeline segment operates conventional, oil sands and heavy oil assets as well as transportation assets with a transportation capacity of 2.9 million barrels of oil equivalent per day, an onshore storage capacity of 10 million barrels and a capacity of railway terminals of approximately 105 thousand barrels. of oil equivalent per day serving North American markets and basins.

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