Pembina Pipeline (TSE:PPL) Stock Crosses Above 200-Day Moving Average of $47.04

Shares of Pembina Pipeline Co. (TSE:PPLGet Free Report) (NYSE:PBA) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$47.04 and traded as high as C$50.92. Pembina Pipeline shares last traded at C$50.28, with a volume of 2,324,966 shares changing hands.

Analyst Upgrades and Downgrades

PPL has been the topic of a number of analyst reports. TD Securities increased their target price on Pembina Pipeline from C$53.00 to C$56.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. JPMorgan Chase & Co. boosted their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Jefferies Financial Group raised their price target on shares of Pembina Pipeline from C$54.00 to C$55.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Wells Fargo & Company boosted their price objective on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research report on Thursday, March 7th. Finally, Scotiabank raised their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “sector perform” rating in a research report on Sunday, May 19th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus target price of C$54.25.

Get Our Latest Analysis on PPL

Pembina Pipeline Stock Down 0.7 %

The stock has a fifty day moving average of C$48.96 and a two-hundred day moving average of C$47.04. The company has a quick ratio of 0.50, a current ratio of 1.03 and a debt-to-equity ratio of 74.45. The stock has a market cap of C$29.14 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPLGet Free Report) (NYSE:PBA) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.73 earnings per share for the quarter, missing the consensus estimate of C$0.74 by C($0.01). Pembina Pipeline had a net margin of 20.39% and a return on equity of 11.65%. The firm had revenue of C$1.54 billion during the quarter, compared to analyst estimates of C$2.50 billion. As a group, analysts predict that Pembina Pipeline Co. will post 3.1496556 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.69 per share. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a yield of 5.49%. The ex-dividend date is Monday, June 17th. Pembina Pipeline’s payout ratio is currently 88.75%.

Insider Transactions at Pembina Pipeline

In related news, Senior Officer Cameron Goldade sold 21,689 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. In related news, Senior Officer Cameron Goldade sold 21,689 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. Also, Director Henry William Sykes purchased 1,984 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was bought at an average price of C$48.44 per share, with a total value of C$96,098.02. Company insiders own 0.04% of the company’s stock.

Pembina Pipeline Company Profile

(Get Free Report)

Pembina Pipeline Corporation provides energy transportation and midstream services. 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 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 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.

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