Pembina Pipeline (TSE:PPL) Stock Price Crosses Below Two Hundred Day Moving Average of $48.29

Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $48.29 and traded as low as $45.68. Pembina Pipeline shares last traded at $45.69, with a volume of 497,673 shares.

Several equities research analysts recently commented on the company. National Bank Financial lowered their price target on Pembina Pipeline from C$61.00 to C$60.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. UBS Group set a C$50.00 price objective on shares of Pembina Pipeline and gave the company a “neutral” rating in a research report on Monday, November 25th. Finally, Raymond James set a C$54.00 target price on shares of Pembina Pipeline and gave the company an “outperform” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Pembina Pipeline has an average rating of “Buy” and an average target price of C$55.38.

The company’s 50-day simple moving average is C$46.91 and its 200 day simple moving average is C$48.26. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 59.20. The stock has a market capitalization of $23.39 billion and a price-to-earnings ratio of 14.75.

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a $0.20 dividend. The ex-dividend date was Thursday, October 24th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.23%. Pembina Pipeline’s dividend payout ratio is currently 75.09%.

Pembina Pipeline Company Profile (TSE:PPL)

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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