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

Key Points

• Pembina Pipeline shares fell below their 200-day moving average, reaching C$62.68 before last trading at C$63.22, compared with the average of C$65.56.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of C$68.86, despite some recent rating changes to “Hold.”
• The company has a C$36.77 billion market capitalization, but relatively weak liquidity metrics, including a 0.62 current ratio and 0.50 quick ratio; its 50-day moving average is C$67.38.

Shares of Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$65.56 and traded as low as C$62.68. Pembina Pipeline shares last traded at C$63.22, with a volume of 1,961,099 shares.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the company a "market perform" rating in a report on Friday, July 31st. Canadian Imperial Bank of Commerce upped their price objective on shares of Pembina Pipeline from C$72.00 to C$73.00 and gave the stock an "outperformer" rating in a report on Friday, July 3rd. Scotia raised their target price on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 3rd. Scotiabank lowered shares of Pembina Pipeline from a "sector outperform" rating to a "hold" rating and lifted their target price for the company from C$69.00 to C$73.00 in a research note on Tuesday, July 21st. Finally, ATB Cormark Capital Markets boosted their price target on shares of Pembina Pipeline from C$70.00 to C$72.00 and gave the company an "outperform" rating in a research report on Friday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Pembina Pipeline has a consensus rating of "Moderate Buy" and a consensus target price of C$68.86.

Pembina Pipeline Stock Down 1.0%

The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 80.92. The company has a market capitalization of C$36.77 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 1.58 and a beta of 0.24. The company has a 50-day moving average of C$67.38 and a two-hundred day moving average of C$65.56.

About Pembina Pipeline

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.

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