Pembina Pipeline (TSE:PPL) Stock Crosses Below 200-Day Moving Average of $48.29

Posted by Matthew Steigler on Dec 2nd, 2019 // Comments off

Pembina Pipeline Corp (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 $48.29 and traded as low as $45.68. Pembina Pipeline shares last traded at $45.69, with a volume of 497,673 shares traded.

Several equities research analysts have commented on the company. UBS Group set a C$50.00 price objective on Pembina Pipeline and gave the stock a “neutral” rating in a research report on Monday, November 25th. National Bank Financial lowered their price objective on Pembina Pipeline from C$61.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Finally, 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Pembina Pipeline currently has an average rating of “Buy” and an average price target of C$55.38.

The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 59.20. The company has a 50-day simple moving average of C$47.01 and a 200 day simple moving average of C$48.29. The firm has a market cap of $23.72 billion and a PE ratio of 14.82.

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $2.40 annualized dividend and a yield of 5.22%. Pembina Pipeline’s dividend payout ratio is presently 75.09%.

Pembina Pipeline Company Profile (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.

Pembina Pipeline (TSE:PPL) Stock Crosses Below 200-Day Moving Average of $48.29

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