Pembina Pipeline (TSE:PPL) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Analysts Set New Price Targets

PPL has been the topic of several research analyst reports. CIBC lowered their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a report on Tuesday, December 16th. Raymond James Financial lifted their price target on Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday, December 16th. BMO Capital Markets dropped their price target on Pembina Pipeline from C$59.00 to C$58.00 in a research report on Tuesday, December 16th. Jefferies Financial Group raised their price objective on Pembina Pipeline from C$53.00 to C$54.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. Finally, ATB Capital set a C$61.00 target price on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average target price of C$58.75.

Pembina Pipeline Price Performance

The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The stock has a 50 day simple moving average of C$53.01 and a two-hundred day simple moving average of C$52.82. The company has a market cap of C$31.82 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.58 and a beta of 0.54.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, November 6th. The company reported C$0.43 earnings per share (EPS) 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. On average, equities research analysts predict that Pembina Pipeline Co. will post 3.439908 earnings per share for the current fiscal year.

About Pembina Pipeline

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.