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Pembina Pipeline ( (TSE:PPL) ) has provided an update.
Pembina Pipeline Corporation announced a $225 million issuance of 5.95% Fixed-to-Fixed Rate Subordinated Notes, Series 2, due in 2055. This issuance follows a previous $200 million issuance of the same series, bringing the total to $425 million. The proceeds will be used to redeem outstanding preferred shares and for general corporate purposes. This move is expected to optimize Pembina’s capital structure and support its financial strategies, potentially impacting its market positioning and providing benefits to stakeholders.
The most recent analyst rating on (TSE:PPL) stock is a Sell with a C$50.00 price target. To see the full list of analyst forecasts on Pembina Pipeline stock, see the TSE:PPL Stock Forecast page.
Spark’s Take on TSE:PPL Stock
According to Spark, TipRanks’ AI Analyst, TSE:PPL is a Neutral.
Pembina Pipeline’s overall score reflects solid profitability and a stable balance sheet, tempered by challenges in revenue growth and free cash flow generation. The technical analysis presents mixed signals, while the valuation is supported by a reasonable P/E ratio and attractive dividend yield. The earnings call highlighted strategic expansions and project execution, but also noted financial challenges, resulting in a balanced sentiment.
To see Spark’s full report on TSE:PPL stock, click here.
More about Pembina Pipeline
Pembina Pipeline Corporation is a leading energy transportation and midstream service provider with over 70 years of experience in North America’s energy industry. The company owns a vast network of assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure, logistics services, and export terminals. Pembina is structured into three divisions: Pipelines Division, Facilities Division, and Marketing & New Ventures Division. Its common shares are traded on the Toronto and New York stock exchanges under the symbols PPL and PBA, respectively.
Average Trading Volume: 3,260,580
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$33.32B
For an in-depth examination of PPL stock, go to TipRanks’ Overview page.