Pembina Pipeline (TSE:PPL) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$52.80 and traded as low as C$50.29. Pembina Pipeline shares last traded at C$51.08, with a volume of 1,942,541 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Pembina Pipeline from C$58.00 to C$57.00 and set an “overweight” rating on the stock in a research report on Monday, July 7th. JPMorgan Chase & Co. reduced their price objective on shares of Pembina Pipeline from C$62.00 to C$59.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Royal Bank Of Canada reduced their price objective on shares of Pembina Pipeline from C$65.00 to C$62.00 in a research report on Monday, May 12th. National Bank Financial raised shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 25th. Finally, National Bankshares raised shares of Pembina Pipeline from a “sector perform” rating to an “outperform” rating and set a C$56.00 price objective on the stock in a research report on Thursday, June 26th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$59.08.

Pembina Pipeline Trading Up 1.3%

The firm has a market capitalization of C$29.53 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The stock’s 50-day moving average price is C$51.52 and its 200 day moving average price is C$52.80. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50.

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.