Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

CIBC Remains a Buy on Pembina Pipeline (PBA)

Tipranks - Sat May 9, 2:36PM CDT

CIBC analyst Robert Catellier reiterated a Buy rating on Pembina Pipeline today and set a price target of C$66.00.

Claim 55% Off TipRanks

According to TipRanks, Catellier is a 5-star analyst with an average return of 9.8% and a 67.40% success rate. Catellier covers the Energy sector, focusing on stocks such as Pembina Pipeline, TC Energy, and AltaGas.

In addition to CIBC, Pembina Pipeline also received a Buy from RBC Capital’s Maurice Choy in a report issued on April 27. However, yesterday, Jefferies maintained a Hold 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 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PBA in relation to earlier this year.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.