Pembina Pipeline (TSE:PPL) Stock Crosses Above 200 Day Moving Average – What’s Next?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$54.07 and traded as high as C$60.69. Pembina Pipeline shares last traded at C$60.67, with a volume of 2,506,052 shares.

Analyst Upgrades and Downgrades

PPL has been the topic of several analyst reports. BMO Capital Markets cut their target price on shares of Pembina Pipeline from C$59.00 to C$58.00 in a report on Tuesday, December 16th. TD Securities cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating and upped their price objective for the company from C$59.00 to C$62.00 in a research report on Tuesday, February 17th. ATB Cormark Capital Markets set a C$61.00 price objective on Pembina Pipeline and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. National Bank Financial boosted their target price on Pembina Pipeline from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group increased their price target on Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline has an average rating of “Moderate Buy” and a consensus target price of C$59.25.

Pembina Pipeline Trading Up 0.3%

The firm has a market capitalization of C$35.25 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 1.58 and a beta of 0.62. The business’s fifty day moving average is C$54.98 and its 200 day moving average is C$54.07. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68.

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.