Pembina Pipeline (TSE:PPL) Shares Cross Above 200-Day Moving Average of $41.78

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$41.78 and traded as high as C$44.48. Pembina Pipeline shares last traded at C$44.11, with a volume of 1,302,086 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PPL. National Bankshares raised their price target on shares of Pembina Pipeline from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Monday, November 6th. CIBC raised their target price on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. CSFB decreased their price target on Pembina Pipeline from C$52.00 to C$51.00 in a research note on Wednesday, August 16th. BMO Capital Markets raised their price objective on Pembina Pipeline from C$50.00 to C$51.00 in a research report on Friday, November 3rd. Finally, TD Securities reduced their price objective on shares of Pembina Pipeline from C$54.00 to C$50.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus price target of C$49.79.

Pembina Pipeline Price Performance

The company’s 50-day simple moving average is C$41.94 and its 200 day simple moving average is C$41.80. The company has a market cap of C$24.42 billion, a PE ratio of 20.18, a PEG ratio of 4.80 and a beta of 1.54. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.50 and a current ratio of 0.68.

Pembina Pipeline Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.668 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.67 dividend on an annualized basis and a yield of 6.01%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 123.04%.

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 2.8 millions of barrels of oil equivalent per day, the ground storage capacity of 11 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.