Pembina Pipeline (TSE:PPL) Shares Cross Above 200 Day Moving Average of $50.66

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$50.66 and traded as high as C$55.18. Pembina Pipeline shares last traded at C$54.74, with a volume of 3,602,977 shares.

Analyst Ratings Changes

Several brokerages recently commented on PPL. BMO Capital Markets lifted their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. CIBC boosted their price objective on Pembina Pipeline from C$59.00 to C$60.00 in a research report on Monday, July 15th. ATB Capital raised their target price on Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. Jefferies Financial Group lifted their price target on Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, UBS Group raised Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus price target of C$56.77.

Pembina Pipeline Stock Up 0.1 %

The company has a market capitalization of C$31.76 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 4.80 and a beta of 1.48. The business has a fifty day simple moving average of C$53.41 and a two-hundred day simple moving average of C$50.66. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.76 by C($0.01). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The firm had revenue of C$1.86 billion for the quarter, compared to the consensus estimate of C$1.99 billion. Equities analysts expect that Pembina Pipeline Co. will post 3.4183168 EPS for the current year.

Pembina Pipeline Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.76 annualized dividend and a dividend yield of 5.04%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 84.66%.

Insiders Place Their Bets

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68. In related news, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total value of C$1,965,933.60. Company insiders own 0.05% of the company’s stock.

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.