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Jefferies Keeps Their Hold Rating on Pembina Pipeline (PBA)

Tipranks - Wed May 13, 7:24AM CDT

In a report released today, Sam Burwell from Jefferies maintained a Hold rating on Pembina Pipeline, with a price target of C$61.00.

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According to TipRanks, Burwell is a 5-star analyst with an average return of 17.7% and a 70.18% success rate. Burwell covers the Energy sector, focusing on stocks such as Whitecap Resources, Pembina Pipeline, and Strathcona Resources.

In addition to Jefferies, Pembina Pipeline also received a Hold from TD Cowen’s Aaron Macneil in a report issued on May 8. However, yesterday, RBC Capital maintained a Buy rating on Pembina Pipeline (NYSE: PBA).

Based on Pembina Pipeline’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$2.07 billion and a net profit of C$498 million. In comparison, last year the company earned a revenue of C$2.28 billion and had a net profit of C$502 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.

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