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

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer J. Scott Burrows bought 12,087 shares of the business’s stock in a transaction on Friday, March 14th. The stock was purchased at an average cost 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 Price Performance

PPL stock opened at C$55.96 on Friday. 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 1 year low of C$46.71 and a 1 year high of C$60.72. The firm has a 50-day moving average of C$53.14 and a 200 day moving average of C$55.16. The company has a market cap of C$32.35 billion, a P/E ratio of 16.24, a PEG ratio of 1.58 and a beta of 1.48.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Raymond James boosted their target price on Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday, March 3rd. Barclays set a C$63.00 target price on Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday, December 12th. TD Securities set a C$66.00 price target on Pembina Pipeline and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company lowered Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Five investment 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 company’s stock. According to MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus price target of C$59.31.

About Pembina Pipeline

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.