Pembina Pipeline (TSE:PPL) Share Price Breaks Above 50 Day Moving Average – What’s Next?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) shares passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$67.43 and traded as high as C$68.84. Pembina Pipeline shares last traded at C$68.16, with a volume of 2,604,458 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. ATB Cormark Capital Markets boosted their price objective on Pembina Pipeline from C$77.00 to C$79.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Canadian Imperial Bank of Commerce lowered Pembina Pipeline from an “outperformer” rating to a “hold” rating and set a C$71.00 target price on the stock. in a research report on Thursday, October 22nd. TD increased their target price on Pembina Pipeline from C$79.00 to C$80.00 and gave the company a “buy” rating in a research report on Monday, November 2nd. 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 research note on Friday, July 31st. Finally, Barclays lifted their price target on shares of Pembina Pipeline from C$69.00 to C$70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$69.64.

Pembina Pipeline Stock Performance

The firm has a market cap of C$39.64 billion, a PE ratio of 24.00, a P/E/G ratio of 1.58 and a beta of 0.42. The firm has a 50-day moving average price of C$67.43 and a two-hundred day moving average price of C$64.77. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 80.92.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, November 5th. The company reported C$0.77 earnings per share (EPS) for the quarter. Pembina Pipeline had a return on equity of 10.54% and a net margin of 22.64%. The firm had revenue of C$2.18 billion for the quarter. Research analysts forecast that Pembina Pipeline Co. will post 3.44 EPS for the current fiscal year.

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.