In a report released today, Dennis Fong from Canaccord Genuity maintained a Buy rating on Pembina Pipeline (PBA), with a price target of C$31.00. The company’s shares closed last Thursday at $22.25.
According to TipRanks.com, Fong is a 1-star analyst with an average return of -2.8% and a 40.3% success rate. Fong covers the Utilities sector, focusing on stocks such as PrairieSky Royalty, Abraxas Petroleum, and Birchcliff Energy.
Currently, the analyst consensus on Pembina Pipeline is a Strong Buy with an average price target of $33.35.
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The company has a one-year high of $40.66 and a one-year low of $10.58. Currently, Pembina Pipeline has an average volume of 2.15M.
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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.
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