In a report released today, Robert Hope from Scotiabank maintained a Buy rating on Pembina Pipeline (PBA – Research Report), with a price target of C$52.00. The company’s shares closed yesterday at $35.71.
Hope covers the Energy sector, focusing on stocks such as Pembina Pipeline, TC Energy, and AltaGas. According to TipRanks, Hope has an average return of 8.4% and a 62.26% success rate on recommended stocks.
Pembina Pipeline has an analyst consensus of Moderate Buy, with a price target consensus of $39.41.
Based on Pembina Pipeline’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.47 billion and a net profit of $700 million. In comparison, last year the company earned a revenue of $2.7 billion and had a net profit of $243 million
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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.
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