Pembina Pipeline (TSE:PPL) Shares Pass Above 200-Day Moving Average – Time to Sell?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$56.86 and traded as high as C$64.23. Pembina Pipeline shares last traded at C$64.05, with a volume of 1,067,228 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets raised their price target on Pembina Pipeline from C$60.00 to C$63.00 in a report on Wednesday, April 8th. ATB Cormark Capital Markets raised their price target on Pembina Pipeline from C$64.00 to C$66.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. National Bank Financial raised their price target on Pembina Pipeline from C$61.00 to C$63.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Jefferies Financial Group raised their price target on Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Finally, Barclays raised their price target on Pembina Pipeline from C$62.00 to C$63.00 in a report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus target price of C$62.55.

Pembina Pipeline Trading Up 1.2%

The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 82.35. The stock has a fifty day simple moving average of C$61.12 and a 200 day simple moving average of C$56.86. The firm has a market capitalization of C$37.24 billion, a P/E ratio of 24.08, a PEG ratio of 1.58 and a beta of 0.42.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 EPS for the quarter. The business had revenue of C$2.11 billion for the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%. As a group, research analysts forecast that Pembina Pipeline Co. will post 3.439908 EPS for the current year.

About Pembina Pipeline

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.