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

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer J. Scott Burrows sold 18,106 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$55.43, for a total value of C$1,003,615.58.

Pembina Pipeline Stock Performance

TSE PPL opened at C$54.06 on Thursday. Pembina Pipeline Co. has a fifty-two week low of C$46.71 and a fifty-two week high of C$60.72. The stock has a market cap of C$31.25 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The business has a fifty day moving average of C$52.84 and a 200-day moving average of C$55.07. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PPL shares. BMO Capital Markets cut their target price on Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th. Barclays set a C$63.00 target price on Pembina Pipeline and gave the stock an “overweight” rating in a report on Thursday, December 12th. UBS Group decreased their target price on Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday. Raymond James lifted their price target on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday. Finally, TD Securities set a C$66.00 price objective on Pembina Pipeline and gave the company a “buy” rating in a research report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.