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 Pembina Pipeline stock in a transaction on Monday, March 3rd. 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

Pembina Pipeline stock traded down C$0.40 during midday trading on Tuesday, reaching C$55.39. The company’s stock had a trading volume of 5,921,276 shares, compared to its average volume of 2,425,628. The firm has a market capitalization of C$32.02 billion, a PE ratio of 16.08, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline Co. has a fifty-two week low of C$46.70 and a fifty-two week high of C$60.72. The stock’s 50 day simple moving average is C$52.77 and its 200 day simple moving average is C$55.03. 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

A number of research analysts have commented on PPL shares. Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday, December 12th. BMO Capital Markets dropped their price target on Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Wells Fargo & Company cut Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. TD Securities set a C$66.00 target price on Pembina Pipeline and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, Raymond James upped their price target on Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$59.47.

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.