Pembina Pipeline (TSE:PPL) Shares Pass Above Two Hundred Day Moving Average of $50.66

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$50.66 and traded as high as C$55.18. Pembina Pipeline shares last traded at C$54.74, with a volume of 3,602,977 shares trading hands.

Wall Street Analyst Weigh In

PPL has been the subject of several recent analyst reports. National Bankshares increased their price objective on Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. UBS Group raised shares of Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. CIBC boosted their price objective on shares of Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. ATB Capital raised their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada boosted their price target on Pembina Pipeline from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Pembina Pipeline has an average rating of “Moderate Buy” and an average price target of C$56.77.

Pembina Pipeline Trading Up 0.1 %

The stock’s 50 day simple moving average is C$53.41 and its two-hundred day simple moving average is C$50.66. The stock has a market capitalization of C$31.76 billion, a PE ratio of 16.79, a PEG ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.75 earnings per share for the quarter, missing the consensus estimate of C$0.76 by C($0.01). The firm had revenue of C$1.86 billion during the quarter, compared to analysts’ expectations of C$1.99 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. On average, sell-side analysts expect that Pembina Pipeline Co. will post 3.4183168 EPS for the current year.

Pembina Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Monday, September 16th. Pembina Pipeline’s payout ratio is 84.66%.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. Also, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. Corporate insiders own 0.05% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.