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

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$55.08 and traded as low as C$52.41. Pembina Pipeline shares last traded at C$52.48, with a volume of 1,095,934 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BMO Capital Markets decreased their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Raymond James decreased their price target on Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday, December 13th. Wells Fargo & Company cut Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Barclays set a C$63.00 target price on Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, TD Securities set a C$66.00 price target on shares of Pembina Pipeline and gave the company a “buy” rating in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus target price of C$59.33.

Pembina Pipeline Stock Up 0.2 %

The company’s 50 day moving average price is C$53.45 and its two-hundred day moving average price is C$55.08. The firm has a market cap of C$30.45 billion, a PE ratio of 16.10, a PEG ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50.

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.