Pembina Pipeline Co. (TSE:PPL) Director Henry William Sykes Buys 1,100 Shares

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Director Henry William Sykes acquired 1,100 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of C$53.61 per share, with a total value of C$58,971.00.

Pembina Pipeline Stock Down 6.5 %

Shares of PPL traded down C$3.72 during trading hours on Friday, reaching C$53.21. 2,227,679 shares of the stock traded hands, compared to its average volume of 3,173,361. 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 market cap of C$30.76 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 1.58 and a beta of 1.48. The stock has a fifty day simple moving average of C$54.23 and a 200 day simple moving average of C$55.40. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68.

Analyst Ratings Changes

PPL has been the subject of a number of recent analyst reports. Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Barclays set a C$63.00 price target on Pembina Pipeline and gave the stock an “overweight” rating in a report on Thursday, December 12th. Raymond James boosted their target price on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. BMO Capital Markets reduced their price target on shares of Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus price target of C$59.31.

About Pembina Pipeline

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.