Pembina Pipeline (TSE:PPL) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$53.07 and traded as high as C$56.87. Pembina Pipeline shares last traded at C$56.58, with a volume of 1,768,908 shares changing hands.

Wall Street Analysts Forecast Growth

PPL has been the topic of several recent analyst reports. TD Securities decreased their target price on shares of Pembina Pipeline from C$60.00 to C$59.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Jefferies Financial Group lifted their price target on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. Raymond James Financial upped their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th. National Bankshares increased their price objective on Pembina Pipeline from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Finally, BMO Capital Markets cut their target price on Pembina Pipeline from C$59.00 to C$58.00 in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and an average target price of C$58.75.

Pembina Pipeline Trading Down 0.2%

The company has a 50 day moving average of C$53.24 and a 200-day moving average of C$53.07. The stock has a market cap of C$32.87 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.58 and a beta of 0.54. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65.

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