Pembina Pipeline Co. (TSE:PPL) Senior Officer J. Scott Burrows Sells 18,106 Shares

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer J. Scott Burrows sold 18,106 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$55.43, for a total value of C$1,003,615.58.

Pembina Pipeline Stock Down 0.2 %

Shares of PPL opened at C$53.95 on Friday. The stock has a market capitalization of C$31.19 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline Co. has a 1 year low of C$46.71 and a 1 year high of C$60.72. The business’s 50 day simple moving average is C$52.86 and its 200-day simple moving average is C$55.08. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James boosted their price objective on Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday. Barclays set a C$63.00 price target on Pembina Pipeline and gave the stock an “overweight” rating in a research note on Thursday, December 12th. UBS Group dropped their price target on Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday. BMO Capital Markets dropped their price target on Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th. Finally, Wells Fargo & Company downgraded Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.