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

Key Points

• Pembina Pipeline's shares crossed above the 200-day moving average (200‑day MA C$56.47), trading as high as C$63.53 and last at C$63.40 on volume of about 1.95 million shares.
• Analysts have raised price targets recently (BMO, National Bank, Barclays, TD among them) and the stock carries a consensus rating of “Moderate Buy” with an average target of C$62.55; the breakdown is 6 Buy, 3 Hold and 1 Sell.
• Fundamentals: market cap C$36.86 billion, P/E 23.83, trailing-quarter EPS C$0.78 on C$1.91 billion revenue, a net margin of 21.66%, and a debt-to-equity ratio of 82.58.

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA's share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$56.47 and traded as high as C$63.53. Pembina Pipeline shares last traded at C$63.40, with a volume of 1,947,707 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PPL shares. BMO Capital Markets boosted their target price on Pembina Pipeline from C$60.00 to C$63.00 in a research 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 stock an "outperform" rating in a research report on Wednesday, April 8th. Barclays lifted their price objective on Pembina Pipeline from C$62.00 to C$63.00 in a research note on Wednesday, April 8th. Jefferies Financial Group increased their target price on Pembina Pipeline from C$53.00 to C$57.00 in a research note on Wednesday, February 4th. Finally, TD Securities raised their target price on Pembina Pipeline from C$63.00 to C$65.00 and gave the company a "hold" rating in a report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Pembina Pipeline has an average rating of "Moderate Buy" and a consensus target price of C$62.55.

Pembina Pipeline Stock Performance

The firm's 50 day moving average is C$60.84 and its two-hundred day moving average is C$56.47. The stock has a market capitalization of C$36.86 billion, a PE ratio of 23.83, a P/E/G ratio of 1.58 and a beta of 0.42. The company has a debt-to-equity ratio of 82.58, a quick ratio of 0.50 and a current ratio of 0.61.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.78 EPS for the quarter. The company had revenue of C$1.91 billion during the quarter. Pembina Pipeline had a net margin of 21.66% and a return on equity of 9.91%. As a group, research analysts predict that Pembina Pipeline Co. will post 3.439908 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.