Pembina Pipeline (TSE:PPL) Shares Pass Below 200-Day Moving Average of $48.29

Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA)’s stock price 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.

A number of analysts recently weighed in on the stock. UBS Group set a C$50.00 price objective on shares of Pembina Pipeline and gave the stock a “neutral” rating in a research note on Monday, November 25th. National Bank Financial lowered their price objective on shares of 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. Finally, Raymond James set a C$54.00 price objective on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$55.38.

The stock’s 50 day moving average is C$47.01 and its two-hundred day moving average is C$48.29. The company has a market capitalization of $23.72 billion and a PE ratio of 14.82. 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 firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were paid a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend was Thursday, October 24th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 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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