J. Scott Burrows Purchases 12,087 Shares of Pembina Pipeline Co. (TSE:PPL) Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer J. Scott Burrows bought 12,087 shares of the firm’s stock in a transaction that occurred 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 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

TSE PPL traded up C$0.38 during midday trading on Friday, hitting C$55.96. The company had a trading volume of 7,781,325 shares, compared to its average volume of 2,935,090. The firm has a 50-day moving average price of C$53.09 and a 200-day moving average price of C$55.15. The company has a market capitalization of C$32.35 billion, a PE ratio of 16.24, a P/E/G ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. Pembina Pipeline Co. has a twelve month low of C$46.71 and a twelve month high of C$60.72.

Analyst Upgrades and Downgrades

PPL has been the topic of a number of research analyst reports. TD Securities set a C$66.00 price target on Pembina Pipeline and gave the company a “buy” rating in a research note on Wednesday, January 15th. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday. Raymond James upped their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday, March 3rd. UBS Group cut their price objective on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company cut Pembina Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.