Pembina Pipeline (PBA) Gets a Buy Rating from Canaccord Genuity
Canaccord Genuity analyst John Bereznicki maintained a Buy rating on Pembina Pipeline (PBA) yesterday and set a price target of C$40.00. The company’s shares closed last Thursday at $27.49.
According to TipRanks.com, Bereznicki is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.4% and a 46.3% success rate. Bereznicki covers the Industrial Goods sector, focusing on stocks such as Trican Well Service, Precision Drilling, and Inter Pipeline.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pembina Pipeline with a $30.59 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 $1.57 billion and net profit of $318 million. In comparison, last year the company earned revenue of $1.7 billion and had a net profit of $370 million.
Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is neutral on the stock.
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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.