Pembina Pipeline Co. (TSE:PPL) Senior Officer Purchases C$43,077.85 in Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer Chris Scherman bought 797 shares of Pembina Pipeline stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average price of C$54.05 per share, with a total value of C$43,077.85.

Pembina Pipeline Trading Down 0.3 %

PPL stock opened at C$57.08 on Friday. The business has a fifty day moving average price of C$53.86 and a 200 day moving average price of C$55.32. 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 fifty-two week low of C$46.71 and a fifty-two week high of C$60.72. The stock has a market capitalization of C$33.00 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.58 and a beta of 1.48.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Raymond James raised their price objective on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. BMO Capital Markets decreased their target price on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Finally, Wells Fargo & Company lowered shares of 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 report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.