Pembina Pipeline Co. (TSE:PPL) Senior Officer J. Scott Burrows Sells 18,106 Shares

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA Senior Officer J. Scott Burrows sold 18,106 shares of the firm's stock in a transaction dated Monday, March 3rd. 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 Performance

PPL stock traded down C$0.11 on Thursday, hitting C$53.95. The company had a trading volume of 4,609,276 shares, compared to its average volume of 2,538,070. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. Pembina Pipeline Co. has a 12-month low of C$46.71 and a 12-month high of C$60.72. The stock has a market cap of C$31.19 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 1.58 and a beta of 1.48. The stock's 50-day simple moving average is C$52.86 and its 200 day simple moving average is C$55.08.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PPL shares. Raymond James raised their target price on Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday. UBS Group reduced their target price on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday. Wells Fargo & Company cut shares of Pembina Pipeline from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the stock an "overweight" rating in a report on Thursday, December 12th. Finally, TD Securities set a C$66.00 target price on shares of Pembina Pipeline and gave the company a "buy" rating in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.