Insider Buying: Pembina Pipeline Co. (TSE:PPL) Senior Officer Purchases 5,150 Shares of Stock

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

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

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

Pembina Pipeline Stock Performance

TSE:PPL traded down C$0.15 during mid-day trading on Friday, reaching C$51.45. The company's stock had a trading volume of 2,329,983 shares, compared to its average volume of 3,154,735. Pembina Pipeline Co. has a 12-month low of C$48.35 and a 12-month high of C$60.72. The firm's fifty day moving average price is C$52.40 and its two-hundred day moving average price is C$53.66. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. The stock has a market cap of C$29.74 billion, a P/E ratio of 14.93, a PEG ratio of 1.58 and a beta of 1.48.

Analyst Ratings Changes

PPL has been the subject of several recent analyst reports. UBS Group lowered their price target on Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. Raymond James lifted their price target on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. Royal Bank of Canada lowered their price target on Pembina Pipeline from C$65.00 to C$62.00 in a research report on Monday, May 12th. JPMorgan Chase & Co. lowered their price target on Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$59.36.

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.