Pembina Pipeline (TSE:PPL) Stock Passes Above 200-Day Moving Average of $48.91

Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $48.91 and traded as high as $49.69. Pembina Pipeline shares last traded at $49.40, with a volume of 365,293 shares trading hands.

PPL has been the topic of a number of research analyst reports. National Bank Financial lowered their price target on Pembina Pipeline from C$61.00 to C$60.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. Raymond James set a C$54.00 price objective on Pembina Pipeline and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Five investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of C$56.60.

The stock has a 50 day moving average price of C$48.69 and a two-hundred day moving average price of C$48.91. The company has a debt-to-equity ratio of 56.16, a quick ratio of 0.60 and a current ratio of 0.69. The company has a market capitalization of $25.18 billion and a PE ratio of 16.28.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.56 by C$0.67. The firm had revenue of C$1.81 billion for the quarter, compared to analysts’ expectations of C$2.09 billion. Sell-side analysts predict that Pembina Pipeline Corp will post 2.5699999 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 25th will be issued a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Tuesday, September 24th. Pembina Pipeline’s payout ratio is presently 75.81%.

About Pembina Pipeline (TSE:PPL)

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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