Pembina Pipeline (TSE:PPL) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$52.82 and traded as high as C$54.80. Pembina Pipeline shares last traded at C$54.77, with a volume of 1,643,832 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PPL. Jefferies Financial Group lifted their price objective on Pembina Pipeline from C$53.00 to C$54.00 and gave the company a “hold” rating in a research note on Wednesday, October 29th. ATB Capital set a C$61.00 target price on Pembina Pipeline and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. CIBC decreased their price target on Pembina Pipeline from C$62.00 to C$61.00 in a report on Tuesday, December 16th. TD Securities lowered their price objective on Pembina Pipeline from C$60.00 to C$59.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Finally, Raymond James Financial lifted their target price on shares of Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Pembina Pipeline has an average rating of “Moderate Buy” and a consensus target price of C$58.75.

Pembina Pipeline Stock Up 1.3%

The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. The business has a 50-day simple moving average of C$53.01 and a 200-day simple moving average of C$52.82. The company has a market cap of C$31.82 billion, a PE ratio of 19.56, a P/E/G ratio of 1.58 and a beta of 0.54.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, November 6th. The company reported C$0.43 earnings per share for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%.The business had revenue of C$1.79 billion during the quarter. Equities research analysts anticipate that Pembina Pipeline Co. will post 3.439908 EPS for the current year.

Pembina Pipeline Company Profile

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.