Pembina Pipeline (TSE:PPL) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$63.87 and traded as high as C$68.60. Pembina Pipeline shares last traded at C$68.41, with a volume of 862,510 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PPL shares. ATB Cormark Capital Markets boosted their target price on shares of Pembina Pipeline from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research note on Friday, July 3rd. National Bank Financial raised their price target on Pembina Pipeline from C$63.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Scotiabank lowered Pembina Pipeline from a “sector outperform” rating to a “hold” rating and lifted their price objective for the stock from C$69.00 to C$73.00 in a report on Tuesday, July 21st. Citigroup cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating and upped their price objective for the company from C$63.00 to C$70.00 in a research report on Monday, May 18th. Finally, Wells Fargo & Company raised Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$68.86.

Pembina Pipeline Trading Up 0.5%

The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 80.92. The firm has a market capitalization of C$39.78 billion, a PE ratio of 24.09, a PEG ratio of 1.58 and a beta of 0.28. The stock’s fifty day simple moving average is C$68.15 and its 200 day simple moving average is C$63.87.

Pembina Pipeline Company Profile

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.