Pembina Pipeline (TSE:PPL) Shares Pass Above 200 Day Moving Average - Here's Why

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$52.96 and traded as high as C$58.61. Pembina Pipeline shares last traded at C$58.49, with a volume of 1,721,828 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Raymond James set a C$63.00 price target on shares of Pembina Pipeline and gave the stock an "outperform" rating in a report on Friday, October 11th. Royal Bank of Canada increased their price target on Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. CIBC boosted their price objective on Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. Citigroup lifted their target price on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Finally, ATB Capital raised their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Pembina Pipeline currently has an average rating of "Moderate Buy" and a consensus target price of C$58.29.

Pembina Pipeline Stock Down 3.3 %

The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. The business's fifty day moving average price is C$56.79 and its two-hundred day moving average price is C$53.02. The stock has a market capitalization of C$32.82 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last posted its earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing the consensus estimate of C$0.79 by C($0.19). The company had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. On average, equities research analysts forecast that Pembina Pipeline Co. will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.76 dividend on an annualized basis and a yield of 4.88%. Pembina Pipeline's payout ratio is 84.66%.

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total value of C$1,965,933.60. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total value of C$1,965,933.60. Also, Senior Officer J. Scott Burrows sold 3,926 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. 0.05% of the stock is owned by company insiders.

About Pembina Pipeline

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.