Pembina Pipeline (TSE:PPL) Share Price Passes Below Two Hundred Day Moving Average - Here's What Happened

Shares of Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$55.08 and traded as low as C$52.41. Pembina Pipeline shares last traded at C$52.48, with a volume of 1,095,934 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. TD Securities set a C$66.00 price target on shares of Pembina Pipeline and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Barclays set a C$63.00 target price on Pembina Pipeline and gave the company an "overweight" rating in a research report on Thursday, December 12th. BMO Capital Markets reduced their price target on Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Raymond James lowered their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Finally, Wells Fargo & Company downgraded Pembina Pipeline from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$59.33.

Pembina Pipeline Stock Down 1.9 %

The business's 50 day simple moving average is C$53.12 and its 200 day simple moving average is C$55.07. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. The firm has a market capitalization of C$29.69 billion, a PE ratio of 14.91, a PEG ratio of 1.58 and a beta of 1.48.

Pembina Pipeline Company Profile

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.