Pembina Pipeline (TSE:PPL) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$54.07 and traded as high as C$60.69. Pembina Pipeline shares last traded at C$60.67, with a volume of 2,506,052 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PPL. Canadian Imperial Bank of Commerce decreased their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a research report on Tuesday, December 16th. TD Securities lowered Pembina Pipeline from a “buy” rating to a “hold” rating and upped their price target for the company from C$59.00 to C$62.00 in a research note on Tuesday, February 17th. Jefferies Financial Group raised their price target on Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Raymond James Financial boosted their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th. Finally, ATB Cormark Capital Markets set a C$61.00 target price on shares of Pembina Pipeline and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$59.25.

Pembina Pipeline Trading Up 0.3%

The business has a 50 day moving average of C$54.98 and a 200 day moving average of C$54.07. The firm has a market capitalization of C$35.25 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.58 and a beta of 0.62. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50.

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.