Insider Buying: Pembina Pipeline Co. (TSE:PPL) Senior Officer Purchases 12,087 Shares of Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer J. Scott Burrows bought 12,087 shares of the stock in a transaction on Friday, March 14th. The shares were acquired 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 shares were sold at an average price of C$55.43, for a total transaction of C$1,003,615.58.

Pembina Pipeline Price Performance

Shares of TSE PPL opened at C$55.96 on Monday. Pembina Pipeline Co. has a twelve month low of C$46.71 and a twelve month high of C$60.72. 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 company 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. The firm has a 50-day moving average of C$53.14 and a two-hundred day moving average of C$55.17.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PPL. BMO Capital Markets lowered their price target on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Wells Fargo & Company lowered shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Raymond James upped 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, TD Securities set a C$66.00 price target on shares of Pembina Pipeline and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline 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.