Insider Selling: Pembina Pipeline Co. (TSE:PPL) Senior Officer Sells 18,106 Shares of Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer J. Scott Burrows sold 18,106 shares of the stock in a transaction dated 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 Performance

Shares of TSE PPL opened at C$54.06 on Thursday. 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 12 month low of C$46.71 and a 12 month high of C$60.72. The stock has a 50 day moving average of C$52.84 and a 200-day moving average of C$55.07. The company has a market capitalization of C$31.25 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.58 and a beta of 1.48.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PPL. TD Securities set a C$66.00 target price on Pembina Pipeline and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Raymond James lifted their price objective on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday. BMO Capital Markets dropped 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 Pembina Pipeline and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, UBS Group lowered their target price on Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Pembina Pipeline 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.