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

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Director Henry William Sykes purchased 1,100 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of C$53.61 per share, for a total transaction of C$58,971.00.

Pembina Pipeline Trading Down 7.1 %

Pembina Pipeline stock opened at C$52.88 on Friday. Pembina Pipeline Co. has a 12-month low of C$46.71 and a 12-month high of C$60.72. 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 stock has a market capitalization of C$30.57 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The firm has a 50 day simple moving average of C$54.22 and a 200-day simple moving average of C$55.38.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wells Fargo & Company lowered shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from C$63.00 to C$57.00 in a report on Wednesday, December 18th. JPMorgan Chase & Co. upped their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “neutral” rating in a report on Monday, March 31st. Raymond James raised their price target on Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. UBS Group lowered their price objective on Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. Finally, Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently 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.