Chris Scherman Acquires 797 Shares of Pembina Pipeline Co. (TSE:PPL) Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer Chris Scherman bought 797 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of C$54.05 per share, for a total transaction of C$43,077.85.

Pembina Pipeline Trading Up 0.2 %

Shares of Pembina Pipeline stock traded up C$0.12 during trading on Tuesday, reaching C$57.64. 564,646 shares of the stock were exchanged, compared to its average volume of 3,130,659. Pembina Pipeline Co. has a 1 year low of C$46.71 and a 1 year high of C$60.72. The firm has a market cap of C$33.32 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. The stock’s fifty day moving average is C$53.61 and its 200 day moving average is C$55.27.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PPL. Wells Fargo & Company lowered Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. TD Securities set a C$66.00 price target on Pembina Pipeline and gave the company a “buy” rating in a research report on Wednesday, January 15th. UBS Group reduced their price objective on Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. Barclays set a C$63.00 target price on Pembina Pipeline and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Raymond James upped their price objective on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday, March 3rd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average 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.