J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on Pembina Pipeline (PBA – Research Report) today and set a price target of C$49.00. The company’s shares opened today at $32.45.
Tonet covers the Energy sector, focusing on stocks such as Enbridge, Cheniere Energy Partners, and Oneok. According to TipRanks, Tonet has an average return of 1.9% and a 49.60% success rate on recommended stocks.
In addition to J.P. Morgan, Pembina Pipeline also received a Hold from National Bank’s Patrick Kenny in a report issued on November 6. However, on the same day, Stifel Nicolaus maintained a Buy rating on Pembina Pipeline (NYSE: PBA).
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PBA market cap is currently $17.8B and has a P/E ratio of 20.09.
Based on the recent corporate insider activity of 33 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on PBA:
- Cedar LNG executes head sof agreement with Samsung Heavy, Black & Veatch
- Pembina Pipeline price target raised to C$53 from C$51 at Stifel
- Pembina Pipeline price target raised to C$45 from C$44 at National Bank
- Pembina Pipeline price target raised to C$51 from C$50 at BMO Capital
- Pembina Pipeline price target raised to C$49 from C$48 at Scotiabank
