Pembina Pipeline (TSE:PPL) Stock Price Passes Below 200 Day Moving Average - Time to Sell?

Key Points

• Pembina Pipeline's stock price fell below its 200-day moving average of C$52.37, with recent trades at C$52.28 and a trading volume of 4,570,128 shares.
• Recent analyst ratings show mixed opinions; BMO Capital Markets and Barclays lowered their target prices, while National Bank Financial upgraded theirs to a "strong-buy," resulting in a consensus rating of "Moderate Buy."
• The company has a market cap of C$30.28 billion, with financial metrics indicating a price-to-earnings ratio of 15.20 and a notably high debt-to-equity ratio of 78.68.

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA's stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$52.37 and traded as low as C$52.28. Pembina Pipeline shares last traded at C$52.38, with a volume of 4,570,128 shares changing hands.

Wall Street Analyst Weigh In

PPL has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their target price on shares of Pembina Pipeline from C$59.00 to C$57.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. National Bank Financial raised shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. Barclays dropped their target price on shares of Pembina Pipeline from C$58.00 to C$57.00 and set an "overweight" rating on the stock in a research report on Monday, July 7th. Jefferies Financial Group downgraded shares of Pembina Pipeline from a "buy" rating to a "hold" rating and dropped their target price for the company from C$61.00 to C$53.00 in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from an "equal weight" rating to an "underperform" rating and set a C$50.00 price target for the company. in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$57.91.

Pembina Pipeline Price Performance

The company has a market cap of C$30.28 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. The company's 50 day moving average price is C$50.84 and its 200 day moving average price is C$52.37.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.