Pembina Pipeline (TSE:PPL) Stock Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Shares of Pembina Pipeline Co. (TSE:PPL) surpassed their 200-day moving average of C$52.39, closing at C$53.69 with a trading volume of approximately 3.5 million shares.
• Analysts are optimistic about Pembina Pipeline, with upgrades resulting in a consensus rating of "Moderate Buy" and an average price target of C$58.10.
• The company operates in the midstream sector, providing services related to pipelines and gas gathering primarily in the Canadian and North American markets.

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA's share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$52.39 and traded as high as C$53.79. Pembina Pipeline shares last traded at C$53.69, with a volume of 3,499,895 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PPL. National Bankshares upgraded shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating and set a C$56.00 target price on the stock in a research note on Thursday, June 26th. Royal Bank Of Canada set a C$62.00 price objective on shares of Pembina Pipeline and gave the stock an "outperform" rating in a report on Thursday, August 28th. BMO Capital Markets decreased their price target on Pembina Pipeline from C$59.00 to C$57.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company lowered shares of Pembina Pipeline from an "equal weight" rating to an "underperform" rating and set a C$50.00 price objective for the company. in a report on Wednesday, August 6th. Finally, Barclays decreased their price target on shares of Pembina Pipeline from C$58.00 to C$57.00 and set an "overweight" rating on the stock in a research note on Monday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Pembina Pipeline has a consensus rating of "Moderate Buy" and an average target price of C$58.10.

Pembina Pipeline Price Performance

The stock has a market cap of C$31.45 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.58 and a beta of 0.72. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The company has a 50-day simple moving average of C$51.43 and a two-hundred day simple moving average of C$52.42.

Pembina Pipeline Company Profile

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms' assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.