Insider Buying: Pembina Pipeline Co. (TSE:PPL) Senior Officer Acquires 797 Shares of Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer Chris Scherman acquired 797 shares of the business’s stock in a transaction 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 Stock Performance

Pembina Pipeline stock traded up C$0.12 during mid-day trading on Tuesday, reaching C$57.64. The company’s stock had a trading volume of 564,646 shares, compared to its average volume of 3,130,659. The company has a market capitalization of C$33.32 billion, a P/E ratio of 16.73, a PEG ratio of 1.58 and a beta of 1.48. The firm’s fifty day moving average price is C$53.61 and its two-hundred day moving average price is C$55.27. Pembina Pipeline Co. has a 12-month low of C$46.71 and a 12-month high of C$60.72. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65.

Analysts Set New Price Targets

PPL has been the topic of several analyst reports. Raymond James boosted their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. UBS Group cut their target price on Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Barclays set a C$63.00 price objective on Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lowered shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$59.31.

About Pembina Pipeline

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.