Pembina Pipeline Co. (TSE:PPL) Senior Officer Acquires C$653,302.35 in Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer J. Scott Burrows bought 12,087 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were bought at an average price of C$54.05 per share, with a total value of C$653,302.35.

J. Scott Burrows also recently made the following trade(s):

• On Monday, March 3rd, J. Scott Burrows sold 18,106 shares of Pembina Pipeline stock. The stock was sold at an average price of C$55.43, for a total transaction of C$1,003,615.58.

Pembina Pipeline Stock Up 0.7 %

Shares of TSE PPL traded up C$0.38 during midday trading on Friday, reaching C$55.96. The company’s stock had a trading volume of 7,781,325 shares, compared to its average volume of 2,935,090. The stock has a 50 day simple moving average of C$53.09 and a 200-day simple moving average of C$55.15. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. The stock has a market capitalization of C$32.35 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline Co. has a fifty-two week low of C$46.71 and a fifty-two week high of C$60.72.

Analysts Set New Price Targets

PPL has been the topic of several analyst reports. Wells Fargo & Company lowered shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Raymond James upped their price objective on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. UBS Group reduced their target price on Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday, March 5th. BMO Capital Markets lowered their price target on Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Finally, Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$59.31.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. 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 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 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.