J. Scott Burrows Purchases 12,087 Shares of Pembina Pipeline Co. (TSE:PPL) Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer J. Scott Burrows bought 12,087 shares of Pembina Pipeline stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of C$54.05 per share, with a total value of C$653,302.35.

J. Scott Burrows also recently made the following trade(s):

• On Monday, March 3rd, J. Scott Burrows sold 18,106 shares of Pembina Pipeline stock. The shares were sold at an average price of C$55.43, for a total transaction of C$1,003,615.58.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at C$55.96 on Friday. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The firm has a market cap of C$32.35 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.58 and a beta of 1.48. The firm has a 50 day simple moving average of C$53.14 and a 200 day simple moving average of C$55.16. Pembina Pipeline Co. has a fifty-two week low of C$46.71 and a fifty-two week high of C$60.72.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group cut their price target on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research note on Thursday, December 12th. TD Securities set a C$66.00 price target on shares of Pembina Pipeline and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Finally, Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Five equities 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. Based on data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus 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.