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

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s share price 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.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of 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. National Bankshares upped their target price on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. CIBC lifted their price target on Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. Jefferies Financial Group upped their price objective on Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, UBS Group raised shares of Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$56.77.

Pembina Pipeline Trading Up 0.6 %

The firm’s 50 day moving average is C$53.48 and its two-hundred day moving average is C$50.69. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. The company has a market cap of C$31.95 billion, a P/E ratio of 16.89, a PEG ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.76 by C($0.01). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The firm had revenue of C$1.86 billion during the quarter, compared to analyst estimates of C$1.99 billion. As a group, equities research analysts anticipate that Pembina Pipeline Co. will post 3.4183168 EPS for the current year.

Pembina Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.01%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.66%.

Insider Activity

In related news, Senior Officer Jaret Sprott sold 37,414 shares of the company’s stock in a transaction that occurred on 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. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the firm’s stock in a transaction 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. Also, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction on 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. 0.05% of the stock is currently owned by company insiders.

About Pembina Pipeline

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.