Pembina Pipeline Co. (TSE:PPL) Senior Officer Chris Scherman Acquires 797 Shares of Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer Chris Scherman acquired 797 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of C$54.05 per share, for a total transaction of C$43,077.85.

Pembina Pipeline Stock Down 0.5 %

Shares of PPL stock opened at C$57.25 on Wednesday. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. Pembina Pipeline Co. has a one year low of C$46.71 and a one year high of C$60.72. The company’s fifty day moving average price is C$53.70 and its 200-day moving average price is C$55.29. The company has a market capitalization of C$33.10 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.58 and a beta of 1.48.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group dropped their target price on Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday, March 5th. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. TD Securities set a C$66.00 target price on shares of Pembina Pipeline and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Raymond James raised their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. Finally, Barclays set a C$63.00 price objective on Pembina Pipeline and gave the company an “overweight” rating in a research report on Thursday, December 12th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.