Tudor Pickering analyst Tudor Pickering maintained a Buy rating on Pembina Pipeline (PBA) yesterday and set a price target of C$40.00. The company’s shares closed last Wednesday at $28.56.
Pembina Pipeline has an analyst consensus of Moderate Buy, with a price target consensus of $30.16, representing a 5.8% upside. In a report issued on January 11, Barclays also maintained a Buy rating on the stock with a C$39.00 price target.
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The company has a one-year high of $40.65 and a one-year low of $10.58. Currently, Pembina Pipeline has an average volume of 1.13M.
Based on the recent corporate insider activity of 79 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.
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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.
