Insider Buying: Pembina Pipeline Co. (TSE:PPL) Senior Officer Acquires 12,087 Shares of Stock

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA Senior Officer J. Scott Burrows acquired 12,087 shares of the business's stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of C$54.05 per share, with a total value of C$653,302.35.

J. Scott Burrows also recently made the following trade(s):

• On Monday, March 3rd, J. Scott Burrows sold 18,106 shares of Pembina Pipeline stock. The stock was sold at an average price of C$55.43, for a total transaction of C$1,003,615.58.

Pembina Pipeline Stock Up 0.1 %

PPL traded up C$0.07 during midday trading on Tuesday, hitting C$55.82. The company had a trading volume of 8,248,157 shares, compared to its average volume of 3,163,405. Pembina Pipeline Co. has a 52 week low of C$46.71 and a 52 week 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 company has a market capitalization of C$32.27 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.58 and a beta of 1.48. The stock's 50 day moving average price is C$53.20 and its 200 day moving average price is C$55.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PPL shares. TD Securities set a C$66.00 price objective on shares of Pembina Pipeline and gave the company a "buy" rating in a research note on Wednesday, January 15th. UBS Group dropped their price objective on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. BMO Capital Markets decreased their price target on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Finally, Raymond James upped their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. Five 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.