Pembina Pipeline (TSE:PPL) Shares Break Below Two Hundred Day Moving Average – Should You Sell?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s share price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$65.56 and traded as low as C$62.68. Pembina Pipeline shares last traded at C$63.22, with a volume of 1,961,099 shares traded.

Analyst Ratings Changes

Several brokerages recently commented on PPL. Canadian Imperial Bank of Commerce boosted their price objective on shares of Pembina Pipeline from C$72.00 to C$73.00 and gave the company an “outperformer” rating in a research note on Friday, July 3rd. Wells Fargo & Company raised shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a report on Monday, July 13th. BMO Capital Markets boosted their price target on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Scotiabank cut shares of Pembina Pipeline from a “sector outperform” rating to a “hold” rating and upped their price target for the stock from C$69.00 to C$73.00 in a report on Tuesday, July 21st. Finally, ATB Cormark Capital Markets increased their price objective on Pembina Pipeline from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Friday, July 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Pembina Pipeline has a consensus rating of “Moderate Buy” and an average price target of C$68.86.

Pembina Pipeline Trading Up 1.4%

The stock has a market capitalization of C$37.48 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.58 and a beta of 0.24. The stock’s fifty day moving average price is C$67.22 and its two-hundred day moving average price is C$65.58. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 80.92.

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.