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

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

Pembina Pipeline Trading Up 0.1 %

PPL stock traded up C$0.07 during midday trading on Friday, reaching C$57.15. The stock had a trading volume of 5,218,674 shares, compared to its average volume of 3,221,223. The firm has a market cap of C$33.04 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline Co. has a twelve month low of C$46.71 and a twelve month high of C$60.72. 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 business has a fifty day simple moving average of C$53.92 and a two-hundred day simple moving average of C$55.33.

Analyst Ratings Changes

Several equities research analysts recently commented on PPL shares. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the stock an "overweight" rating in a research report on Thursday, December 12th. TD Securities set a C$66.00 price objective on shares of Pembina Pipeline and gave the company a "buy" rating in a research report on Wednesday, January 15th. UBS Group cut their target price on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company lowered shares of Pembina Pipeline from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Five investment 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. According to data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of "Moderate Buy" and an average target price of C$59.31.

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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.