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

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Director Henry William Sykes acquired 1,100 shares of the stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of C$53.61 per share, for a total transaction of C$58,971.00.

Pembina Pipeline Stock Performance

Shares of PPL opened at C$52.88 on Friday. The company has a market capitalization of C$30.57 billion, a PE ratio of 15.35, a PEG ratio of 1.58 and a beta of 1.48. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The company’s 50 day moving average price is C$54.22 and its 200 day moving average price is C$55.38. Pembina Pipeline Co. has a 52 week low of C$46.71 and a 52 week high of C$60.72.

Analyst Ratings Changes

PPL has been the topic of several recent research reports. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Barclays set a C$63.00 target price on Pembina Pipeline and gave the stock an “overweight” rating in a report on Thursday, December 12th. BMO Capital Markets reduced their target price on Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. JPMorgan Chase & Co. increased their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “neutral” rating in a research report on Monday, March 31st. Finally, Wells Fargo & Company downgraded Pembina Pipeline from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Pembina Pipeline has an average rating of “Moderate Buy” and an average 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.