Pembina Pipeline Co. (TSE:PPL) Senior Officer Sells C$259,429.48 in Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer J. Scott Burrows sold 5,314 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$48.82, for a total value of C$259,429.48.

Pembina Pipeline Stock Down 1.1 %

Shares of Pembina Pipeline stock opened at C$48.19 on Wednesday. The stock has a market capitalization of C$26.48 billion, a P/E ratio of 16.12, a PEG ratio of 4.80 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 70.47. The stock has a 50 day moving average price of C$46.98 and a two-hundred day moving average price of C$45.08. Pembina Pipeline Co. has a 12-month low of C$38.79 and a 12-month high of C$48.97.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.75 by C$0.46. The firm had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. Equities analysts expect that Pembina Pipeline Co. will post 3.0374298 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PPL. Wells Fargo & Company upped their target price on Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. TD Securities upped their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Friday, April 5th. Citigroup upped their target price on Pembina Pipeline from C$47.00 to C$50.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Stifel Nicolaus upped their target price on Pembina Pipeline from C$53.00 to C$54.50 and gave the company a “buy” rating in a report on Wednesday, December 20th. Finally, Jefferies Financial Group set a C$52.00 target price on Pembina Pipeline and gave the company a “buy” rating in a report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$52.35.

Pembina Pipeline Company Profile

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.