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Insider Buying: Pembina Pipeline Co. (TSE:PPL) Senior Officer Buys C$180,765.00 in Stock

Pembina Pipeline logo with Energy background

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA Senior Officer J. Scott Burrows acquired 5,150 shares of the company's stock in a transaction on Wednesday, March 15th. The shares were bought at an average cost of C$35.10 per share, with a total value of C$180,765.00.

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

  • On Friday, March 14th, J. Scott Burrows acquired 12,087 shares of Pembina Pipeline stock. The stock was bought at an average cost of C$54.05 per share, with a total value of C$653,302.35.

Pembina Pipeline Stock Down 0.1%

PPL traded down C$0.06 on Thursday, reaching C$51.64. 486,523 shares of the company traded hands, compared to its average volume of 3,136,783. The stock's 50 day moving average price is C$52.65 and its 200-day moving average price is C$53.72. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. Pembina Pipeline Co. has a 52-week low of C$48.35 and a 52-week high of C$60.72. The company has a market cap of C$29.85 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.58 and a beta of 1.48.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. JPMorgan Chase & Co. lowered their target price on shares of Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Royal Bank of Canada dropped their price objective on shares of Pembina Pipeline from C$65.00 to C$62.00 in a report on Monday, May 12th. Raymond James increased their target price on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. Finally, UBS Group dropped their target price on Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$59.36.

Get Our Latest Report on Pembina Pipeline

About Pembina Pipeline

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Pembina Pipeline (TSE:PPL)

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