Pembina Pipeline (TSE:PPL) Stock Crosses Below 200 Day Moving Average of $48.18

Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $48.18 and traded as low as $46.79. Pembina Pipeline shares last traded at $46.94, with a volume of 742,044 shares.

Several brokerages recently commented on PPL. UBS Group set a C$50.00 target price on Pembina Pipeline and gave the stock a “neutral” rating in a report on Monday, November 25th. Raymond James set a C$54.00 target price on Pembina Pipeline and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, National Bank Financial dropped their target price on Pembina Pipeline from C$61.00 to C$60.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$55.71.

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 cap of $24.11 billion and a price-to-earnings ratio of 15.09. The company’s 50-day simple moving average is C$46.80 and its 200-day simple moving average is C$48.16.

The firm 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 annualized dividend and a yield of 5.13%. Pembina Pipeline’s dividend payout ratio (DPR) is 75.09%.

About Pembina Pipeline (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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