Pembina Pipeline Co. (TSE:PPL – Get Rating) (NYSE:PBA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$46.56 and traded as high as C$47.98. Pembina Pipeline shares last traded at C$46.87, with a volume of 2,559,440 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. ATB Capital increased their price objective on Pembina Pipeline from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research note on Monday, May 9th. Raymond James dropped their price objective on Pembina Pipeline from C$50.00 to C$45.00 and set a “market perform” rating for the company in a research note on Saturday, June 25th. Wells Fargo & Company dropped their price objective on Pembina Pipeline from C$51.00 to C$48.00 and set an “equal weight” rating for the company in a research note on Friday, May 20th. CSFB increased their price objective on Pembina Pipeline from C$47.00 to C$56.00 in a research note on Monday, April 11th. Finally, National Bankshares increased their price objective on Pembina Pipeline from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a research note on Monday, May 9th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$50.29.
Pembina Pipeline Stock Performance
The business has a fifty day simple moving average of C$47.70 and a 200-day simple moving average of C$46.56. The company has a quick ratio of 0.44, a current ratio of 0.55 and a debt-to-equity ratio of 81.35. The firm has a market cap of C$25.98 billion and a P/E ratio of 20.47.
Pembina Pipeline Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, July 25th will be issued a $0.21 dividend. The ex-dividend date is Friday, July 22nd. This represents a $2.52 dividend on an annualized basis and a yield of 5.38%. Pembina Pipeline’s dividend payout ratio (DPR) is 110.04%.
Insiders Place Their Bets
In other news, Senior Officer J. Scott Burrows sold 15,000 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of C$50.48, for a total transaction of C$757,216.50. Following the completion of the transaction, the insider now directly owns 11,000 shares in the company, valued at C$555,292.10. In related news, Senior Officer Jaret Sprott sold 31,544 shares of Pembina Pipeline stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of C$52.21, for a total value of C$1,646,823.92. Also, Senior Officer J. Scott Burrows sold 15,000 shares of Pembina Pipeline stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of C$50.48, for a total value of C$757,216.50. Following the completion of the sale, the insider now owns 11,000 shares of the company’s stock, valued at C$555,292.10. Over the last 90 days, insiders bought 235 shares of company stock worth $10,475 and sold 52,006 shares worth $2,679,518.
Pembina Pipeline Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.
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