Pembina Pipeline (PBA) Receives a Hold from J.P. Morgan
In a report released today, Jeremy Tonet from J.P. Morgan maintained a Hold rating on Pembina Pipeline, with a price target of C$64.00.
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According to TipRanks, Tonet is a 5-star analyst with an average return of 8.9% and a 60.93% success rate. Tonet covers the Energy sector, focusing on stocks such as Oneok, Pembina Pipeline, and Cheniere Energy.
In addition to J.P. Morgan, Pembina Pipeline also received a Hold from TD Cowen’s Aaron Macneil in a report issued yesterday. However, on the same day, RBC Capital maintained a Buy rating on Pembina Pipeline (NYSE: PBA).
Based on Pembina Pipeline’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.96 billion and a net profit of C$489 million. In comparison, last year the company earned a revenue of C$2.15 billion and had a net profit of C$572 million
Based on the recent corporate insider activity of 19 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.
Read More on PBA:
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- Pembina Pipeline price target raised to C$63 from C$60 at BMO Capital
- Pembina Pipeline price target raised to C$65 from C$63 at TD Securities
- Pembina Pipeline price target raised to C$63 from C$62 at Barclays
- Hold Rating Maintained on Pembina Pipeline Amid Modest Growth Outlook and Execution Risk
- Pembina Maps 3Cs Growth Strategy With 2030 EBITDA Target
