Published on 8 Apr 2024 on Simply Wall St. via Yahoo Finance
Pembina Pipeline Corporation (TSE:PPL) On An Uptrend: Could Fundamentals Be Driving The Stock?
Pembina Pipeline's (TSE:PPL) stock up by 7.3% over the past three months. As most would know, long-term fundamentals have a strong correlation with market price movements, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Particularly, we will be paying attention to Pembina Pipeline's ROE today.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits.
See our latest analysis for Pembina Pipeline