Pembina Pipeline (TSE:PPL) Shares Cross Above 200-Day Moving Average – Time to Sell?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$56.47 and traded as high as C$63.53. Pembina Pipeline shares last traded at C$63.40, with a volume of 1,947,707 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PPL. JPMorgan Chase & Co. increased their price target on Pembina Pipeline from C$60.00 to C$64.00 in a research report on Thursday, April 9th. BMO Capital Markets upped their target price on shares of Pembina Pipeline from C$60.00 to C$63.00 in a research note on Wednesday, April 8th. ATB Cormark Capital Markets raised their target price on shares of Pembina Pipeline from C$64.00 to C$66.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Royal Bank Of Canada lifted their price target on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Finally, Jefferies Financial Group boosted their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$62.55.

Pembina Pipeline Stock Performance

The company has a market capitalization of C$36.86 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.58 and a beta of 0.42. The company has a debt-to-equity ratio of 82.58, a current ratio of 0.61 and a quick ratio of 0.50. The stock has a 50 day simple moving average of C$60.84 and a two-hundred day simple moving average of C$56.47.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, February 26th. The company reported C$0.78 earnings per share (EPS) for the quarter. Pembina Pipeline had a return on equity of 9.91% and a net margin of 21.66%.The business had revenue of C$1.91 billion during the quarter. As a group, analysts anticipate that Pembina Pipeline Co. will post 3.439908 earnings per share for the current 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.