Pembina Pipeline (TSE:PPL) Share Price Passes Above 200-Day Moving Average of $46.56

Pembina Pipeline Co. (TSE:PPLGet Rating) (NYSE:PBA)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$46.56 and traded as high as C$47.98. Pembina Pipeline shares last traded at C$46.87, with a volume of 2,559,440 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on PPL. Credit Suisse Group reaffirmed an “outperform” rating and set a C$48.00 target price (up from C$46.00) on shares of Pembina Pipeline in a research report on Monday, April 11th. Wells Fargo & Company reduced their target price on Pembina Pipeline from C$51.00 to C$48.00 and set an “equal weight” rating on the stock in a research report on Friday, May 20th. TD Securities upped their target price on Pembina Pipeline from C$50.00 to C$54.00 and gave the company a “buy” rating in a research report on Monday, May 9th. Scotiabank upped their target price on Pembina Pipeline from C$54.00 to C$55.00 in a research report on Friday, May 6th. Finally, CSFB upped their target price on Pembina Pipeline from C$47.00 to C$56.00 in a research report on Monday, April 11th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$50.29.

Pembina Pipeline Stock Performance

The stock has a market capitalization of C$25.98 billion and a price-to-earnings ratio of 20.47. The firm has a fifty day moving average of C$47.70 and a 200 day moving average of C$46.56. The company has a debt-to-equity ratio of 81.35, a current ratio of 0.55 and a quick ratio of 0.44.

Pembina Pipeline (TSE:PPLGet Rating) (NYSE:PBA) last posted its earnings results on Thursday, May 5th. The company reported C$0.81 EPS for the quarter, topping the consensus estimate of C$0.73 by C$0.08. The company had revenue of C$3.04 billion for the quarter. On average, sell-side analysts anticipate that Pembina Pipeline Co. will post 3.03 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, July 25th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, July 22nd. This represents a $2.52 dividend on an annualized basis and a yield of 5.38%. Pembina Pipeline’s dividend payout ratio is currently 110.04%.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer Cameron Goldade sold 2,725 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of C$50.23, for a total transaction of C$136,876.75. Following the transaction, the insider now owns 17,995 shares in the company, valued at C$903,888.85. In other news, Senior Officer Jaret Sprott sold 31,544 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of C$52.21, for a total value of C$1,646,823.92. Also, Senior Officer Cameron Goldade sold 2,725 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of C$50.23, for a total value of C$136,876.75. Following the completion of the transaction, the insider now owns 17,995 shares in the company, valued at approximately C$903,888.85. Over the last 90 days, insiders have acquired 235 shares of company stock worth $10,475 and have sold 52,006 shares worth $2,679,518.

Pembina Pipeline Company Profile

(Get Rating)

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.

Further Reading

Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.