BMO Capital analyst Benjamin Pham maintained a Buy rating on Pembina Pipeline (PBA – Research Report) today and set a price target of C$54.00. The company’s shares closed today at $34.74.
Pham covers the Utilities sector, focusing on stocks such as TransAlta, Brookfield Renewable Partners, and AltaGas. According to TipRanks, Pham has an average return of 12.7% and a 76.09% success rate on recommended stocks.
Currently, the analyst consensus on Pembina Pipeline is a Moderate Buy with an average price target of $39.86.
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PBA market cap is currently $19.51B and has a P/E ratio of 17.17.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PBA in relation to earlier this year.
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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.
Read More on PBA:
- Pembina Pipeline Corporation Declares September 2022 Common Share Dividend
- Pembina Pipeline Corporation Provides Notice of Series 15 Preferred Share Conversion Right and Announces Reset Dividend Rates
- Pembina Pipeline Corporation Announces Closing of Transaction and Creation of Pembina Gas Infrastructure
- Pembina Pipeline Corporation Reports Strong Results for the Second Quarter 2022, Raises Guidance and Provides Business and ESG Update
- Pembina Pipeline Corporation Declares August 2022 Common Share Dividend
