Pembina Pipeline (NYSE:PBA) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Pembina Pipeline shares briefly moved above their 200-day moving average, reaching $47.38 before last trading near $47.21. The stock’s 200-day average is $47.19.
• Analysts maintain a generally positive view, with five Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $64.00.
• The company reported quarterly EPS of $0.48, slightly below the $0.49 estimate, while revenue reached $1.07 billion. Pembina also declared a quarterly dividend of C$0.73, equivalent to an annualized yield of approximately 6.2%.

Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $47.19 and traded as high as $47.38. Pembina Pipeline shares last traded at $47.2130, with a volume of 1,414,139 shares changing hands.

Analysts Set New Price Targets

PBA has been the subject of several research analyst reports. BMO Capital Markets restated a "market perform" rating on shares of Pembina Pipeline in a research note on Friday, July 31st. Scotiabank lowered Pembina Pipeline from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, July 20th. Barclays reiterated an "overweight" rating on shares of Pembina Pipeline in a report on Wednesday. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Pembina Pipeline in a research report on Friday, July 3rd. Finally, Wall Street Zen upgraded shares of Pembina Pipeline from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $64.00.

Pembina Pipeline Price Performance

The stock has a 50 day simple moving average of $47.63 and a two-hundred day simple moving average of $47.19. The firm has a market cap of $27.46 billion, a PE ratio of 23.14 and a beta of 0.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.50 and a current ratio of 0.62.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the firm earned $0.65 EPS. The business's quarterly revenue was up 20.1% compared to the same quarter last year. Sell-side analysts expect that Pembina Pipeline Corp. will post 2.2 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were issued a C$0.73 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a yield of 6.2%. Pembina Pipeline's payout ratio is presently 103.92%.

Institutional Investors Weigh In On Pembina Pipeline

Several hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC purchased a new position in shares of Pembina Pipeline during the 1st quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in Pembina Pipeline during the second quarter worth $31,000. N.E.W. Advisory Services LLC acquired a new stake in Pembina Pipeline during the second quarter valued at $31,000. Integrated Wealth Concepts LLC acquired a new stake in Pembina Pipeline during the second quarter valued at $33,000. Finally, Tobam purchased a new position in Pembina Pipeline in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 55.37% of the company's stock.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy infrastructure company that provides transportation and midstream services for the oil, natural gas and natural gas liquids industries. Its operations are focused primarily on Western Canada, where it connects hydrocarbon-producing regions with processing facilities, storage sites, refineries, petrochemical markets and export channels.

The company owns and operates an extensive network of pipelines and related infrastructure. Its services include hydrocarbon gathering and transportation, natural gas processing, fractionation and storage of natural gas liquids, terminalling and rail services.

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