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

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

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at C$57.25 on Thursday. The company has a 50 day moving average of C$53.79 and a 200-day moving average of C$55.30. The company has a market cap of C$33.10 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. 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 1-year low of C$46.71 and a 1-year high of C$60.72.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PPL shares. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. TD Securities set a C$66.00 price target on shares of Pembina Pipeline and gave the company a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets reduced their price objective on Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. UBS Group lowered their target price on Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. Finally, Barclays set a C$63.00 price target on Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average price target 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.