J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on Pembina Pipeline (PBA – Research Report) today and set a price target of C$51.00. The company’s shares opened today at $33.62.
Tonet covers the Energy sector, focusing on stocks such as Nustar Energy, Pembina Pipeline, and Plains All American. According to TipRanks, Tonet has an average return of 2.3% and a 51.14% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pembina Pipeline with a $38.37 average price target.
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Based on Pembina Pipeline’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.29 billion and a net profit of $346 million. In comparison, last year the company earned a revenue of $2.78 billion and had a net profit of $1.16 billion
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PBA in relation to earlier this year.
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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.
Read More on PBA:
- Pembina Pipeline price target raised to C$54 from C$52 at CIBC
- Pembina Pipeline price target raised to C$54.50 from C$53 at Stifel
- Pembina Pipeline price target raised to C$52 from C$51 at BMO Capital
- Pembina Pipeline price target raised to C$50 from C$49 at Scotiabank
- Pembina to acquire Enbridge interests in JVs for aggregate price of about C$3.1B
