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An update from Pembina Pipeline ( (TSE:PPL) ) is now available.
Pembina Pipeline Corporation has entered into a long-term agreement with AltaGas Ltd. to secure 30,000 barrels per day of liquified petroleum gas export capacity at AltaGas’ Ridley Island facilities. This agreement enhances Pembina’s market diversification and strengthens its position in connecting natural gas products to premium markets, particularly in Asia. The deal complements Pembina’s existing propane marketing capabilities and expands its global market access, benefiting its operations and stakeholders.
The most recent analyst rating on (TSE:PPL) stock is a Buy with a C$58.00 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 Outperform.
Pembina Pipeline’s strong financial performance and attractive dividend yield are key strengths, supporting a stable investment profile. The neutral technical indicators and valuation suggest moderate growth expectations. Recent corporate events and earnings call highlights provide additional confidence, though market volatility and project delays pose risks. Overall, the stock is well-positioned but faces challenges that could impact future profitability.
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 in North America, with over 70 years of experience. The company owns a vast network of assets, including pipelines, gas gathering and processing facilities, and export terminals. Pembina is structured into three divisions: Pipelines, Facilities, and Marketing & New Ventures, and its shares trade on the Toronto and New York stock exchanges.
Average Trading Volume: 3,543,115
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$29.92B
Learn more about PPL stock on TipRanks’ Stock Analysis page.