Pembina Pipeline (NYSE:PBA) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL)’s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $47.19 and traded as high as $47.38. Pembina Pipeline shares last traded at $47.2130, with a volume of 1,414,139 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings upgraded Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Wall Street Zen raised Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Scotiabank cut Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th. Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a research report on Wednesday. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Pembina Pipeline Stock Up 0.4%

The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 0.78. The company has a market cap of $27.54 billion, a price-to-earnings ratio of 23.21 and a beta of 0.62. The firm’s fifty day simple moving average is $47.60 and its 200 day simple moving average is $47.19.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%. Pembina Pipeline’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. Sell-side analysts predict that Pembina Pipeline Corp. will post 2.20 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were given a dividend of C$0.73 per share. This represents a $2.94 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Pembina Pipeline’s dividend payout ratio is currently 103.92%.

Institutional Investors Weigh In On Pembina Pipeline

Hedge funds and other institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new position in Pembina Pipeline in the first quarter valued at approximately $25,000. Tobam acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at $28,000. Dunhill Financial LLC purchased a new position in shares of Pembina Pipeline in the 2nd quarter valued at $31,000. N.E.W. Advisory Services LLC purchased a new position in shares of Pembina Pipeline in the 2nd quarter valued at $31,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Pembina Pipeline during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a Canadian energy infrastructure company that provides transportation and midstream services for the oil, natural gas and natural gas liquids industries. Its operations are focused primarily on Western Canada, where it connects hydrocarbon-producing regions with processing facilities, storage sites, refineries, petrochemical markets and export channels.

The company owns and operates an extensive network of pipelines and related infrastructure. Its services include hydrocarbon gathering and transportation, natural gas processing, fractionation and storage of natural gas liquids, terminalling and rail services.