Chris Scherman Acquires 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 firm’s stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average cost of C$54.05 per share, for a total transaction of C$43,077.85.

Pembina Pipeline Price Performance

Shares of TSE PPL opened at C$57.25 on Thursday. The company has a market capitalization of C$33.10 billion, a PE ratio of 16.62, a P/E/G ratio of 1.58 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. Pembina Pipeline Co. has a twelve month low of C$46.71 and a twelve month high of C$60.72. The firm has a fifty day simple moving average of C$53.79 and a 200 day simple moving average of C$55.30.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the company an “overweight” rating in a research report on Thursday, December 12th. Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Wells Fargo & Company downgraded Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. UBS Group reduced their price target on Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday, March 5th. Finally, BMO Capital Markets dropped their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Pembina Pipeline has an average rating of “Moderate Buy” and an average price target 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.