Pembina Pipeline (TSE:PPL) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Pembina Pipeline shares crossed above their 200-day moving average of C$64.89, reaching C$67.16 before closing at C$66.95 on significant trading volume.
• Analyst sentiment is broadly positive: MarketBeat reports a consensus “Moderate Buy” rating from 13 analysts, with an average price target of C$68.86. Recent target changes ranged from C$70 to C$75.
• Pembina Pipeline has a market capitalization of approximately C$38.94 billion and operates an extensive North American energy transportation and midstream infrastructure network.

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$64.89 and traded as high as C$67.16. Pembina Pipeline shares last traded at C$66.95, with a volume of 2,018,599 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD raised shares of Pembina Pipeline from a "hold" rating to a "buy" rating and upped their price objective for the stock from C$65.00 to C$75.00 in a research report on Tuesday, May 26th. Citigroup cut shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating and lifted their target price for the stock from C$63.00 to C$70.00 in a research report on Monday, May 18th. Scotiabank downgraded Pembina Pipeline from a "sector outperform" rating to a "hold" rating and boosted their target price for the stock from C$69.00 to C$73.00 in a research note on Tuesday, July 21st. Wells Fargo & Company raised Pembina Pipeline from a "strong sell" rating to a "strong-buy" rating in a report on Monday, July 13th. Finally, National Bank Financial increased their price target on Pembina Pipeline from C$63.00 to C$71.00 and gave the company an "outperform" rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$68.86.

Pembina Pipeline Price Performance

The stock has a market cap of C$38.94 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 1.58 and a beta of 0.24. 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 business's 50-day simple moving average is C$68.36 and its two-hundred day simple moving average is C$64.89.

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.

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