Pembina Pipeline (TSE:PPL) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$54.90 and traded as high as C$61.72. Pembina Pipeline shares last traded at C$61.28, with a volume of 1,703,716 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Securities increased their price objective on Pembina Pipeline from C$62.00 to C$63.00 and gave the company a “hold” rating in a research report on Friday, February 27th. Raymond James Financial raised their price objective on shares of Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th. National Bank Financial increased their price objective on Pembina Pipeline from C$60.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. BMO Capital Markets lowered Pembina Pipeline from an “outperform” rating to a “hold” rating and increased their price target for the stock from C$58.00 to C$60.00 in a research report on Friday, February 27th. Finally, ATB Cormark Capital Markets increased their price objective on shares of Pembina Pipeline from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Pembina Pipeline presently has a consensus rating of “Hold” and an average target price of C$61.00.

Pembina Pipeline Price Performance

The company has a current ratio of 0.61, a quick ratio of 0.50 and a debt-to-equity ratio of 82.58. The firm has a market cap of C$35.62 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.58 and a beta of 0.53. The company has a 50 day moving average of C$57.29 and a 200 day moving average of C$54.90.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Thursday, February 26th. The company reported C$0.78 earnings per share (EPS) for the quarter. Pembina Pipeline had a return on equity of 9.91% and a net margin of 21.66%.The company had revenue of C$1.91 billion during the quarter. Equities research analysts predict that Pembina Pipeline Co. will post 3.439908 EPS for the current fiscal year.

About Pembina Pipeline

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.