Pembina Pipeline (NYSE:PBA) Stock Price Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• Pembina Pipeline shares moved above their 50-day moving average, trading as high as $48.90 and last quoted at $48.22.
• Analysts’ consensus is “Moderate Buy,” with a $64 price target; five analysts rate the stock Buy and five rate it Hold.
• The company beat quarterly earnings and revenue estimates, with revenue up 21.7% year over year. It also announced a C$0.73 quarterly dividend, equivalent to a 6.1% annualized yield.

Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $48.02 and traded as high as $48.90. Pembina Pipeline shares last traded at $48.2170, with a volume of 1,183,320 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently commented on PBA shares. TD Securities reissued a "buy" rating on shares of Pembina Pipeline in a report on Friday, October 16th. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a research note on Wednesday, October 7th. Weiss Ratings lowered shares of Pembina Pipeline from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, October 22nd. Raymond James Financial restated an "outperform" rating on shares of Pembina Pipeline in a research report on Wednesday, October 14th. Finally, Canadian Imperial Bank of Commerce lowered Pembina Pipeline from an "outperform" rating to a "hold" rating in a research note on Thursday, October 22nd. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

Pembina Pipeline Trading Up 1.2%

The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $28.04 billion, a price-to-earnings ratio of 20.17 and a beta of 0.59. The business's fifty day moving average is $48.02 and its 200 day moving average is $46.60.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its earnings results on Thursday, November 5th. The pipeline company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.11. The business had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.41 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%. The firm's revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Equities analysts predict that Pembina Pipeline Corp. will post 2.19 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a C$0.73 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, December 15th. Pembina Pipeline's dividend payout ratio is currently 88.70%.

Hedge Funds Weigh In On Pembina Pipeline

A number of large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in shares of Pembina Pipeline by 1.2% in the third quarter. Russell Investments Group Ltd. now owns 367,314 shares of the pipeline company's stock valued at $16,429,000 after buying an additional 4,406 shares in the last quarter. Walter Public Investments Inc. bought a new position in Pembina Pipeline in the third quarter valued at approximately $4,385,000. Lido Advisors LLC acquired a new position in shares of Pembina Pipeline during the third quarter valued at about $232,000. Candriam S.C.A. lifted its position in shares of Pembina Pipeline by 58.7% during the third quarter. Candriam S.C.A. now owns 13,900 shares of the pipeline company's stock worth $624,000 after acquiring an additional 5,142 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in Pembina Pipeline by 15.9% during the 3rd quarter. Pictet Asset Management Holding SA now owns 291,102 shares of the pipeline company's stock valued at $13,026,000 after buying an additional 39,996 shares during the period. Hedge funds and other institutional investors own 55.37% of the company's stock.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, it began as a pipeline operator serving oil fields in Alberta and has expanded into a range of energy infrastructure businesses.

The company transports crude oil, natural gas and natural gas liquids through its pipeline networks. Its operations also include natural gas gathering and processing, liquids fractionation, storage and terminalling, along with services that help connect producers with domestic and export markets.

Pembina's assets and services are concentrated in Western Canada, with additional operations and market connections in the United States.

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