Insider Buying: 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 acquired 12,087 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were bought at an average price of C$54.05 per share, for a total transaction 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 Stock Up 0.7 %

Shares of TSE:PPL opened at C$55.96 on Monday. 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 fifty day simple moving average of C$53.14 and a 200 day simple moving average of C$55.17. The firm has a market cap of C$32.35 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline Co. has a 12-month low of C$46.71 and a 12-month high of C$60.72.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PPL. UBS Group cut their price objective on shares of Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday, March 5th. BMO Capital Markets cut their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. TD Securities set a C$66.00 price objective on shares of Pembina Pipeline and gave the stock a “buy” rating in a report on Wednesday, January 15th. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Raymond James lifted their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.