Scotiabank analyst Robert Hope maintained a Buy rating on Pembina Pipeline (PBA – Research Report) today and set a price target of C$56.00. The company’s shares closed yesterday at $37.10.
According to TipRanks, Hope is a 5-star analyst with an average return of 8.8% and a 64.94% success rate. Hope covers the Energy sector, focusing on stocks such as Pembina Pipeline, TC Energy, and Enbridge.
Pembina Pipeline has an analyst consensus of Strong Buy, with a price target consensus of $40.06, which is a 7.98% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a C$53.00 price target.
Based on Pembina Pipeline’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.54 billion and a net profit of $438 million. In comparison, last year the company earned a revenue of $1.62 billion and had a net profit of $179 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is neutral on the stock.
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Pembina Pipeline (PBA) Company Description:
Pembina Pipeline Corp. engages in the provision of transportation and midstream services. It operates through the following segment: Pipelines, Facilities, Marketing and New Ventures, and Corporate. The Pipelines segment includes conventional, oil sands and transmission pipeline systems, crude oil storage and terminalling business and related infrastructure. The Facilities segment consists of processing and fractionation facilities and related infrastructure that delivers the firm’s customers with natural gas and NGL services. The Marketing and New Ventures segment undertakes value-added commodity marketing activities including buying and selling products and optimizing storage opportunities. The company was founded on September 29, 1954 and is headquartered in Calgary, Canada.
