CIBC Remains a Buy on Pembina Pipeline (PBA)
In a report released today, Robert Catellier from CIBC maintained a Buy rating on Pembina Pipeline, with a price target of C$73.00.
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According to TipRanks, Catellier is a 5-star analyst with an average return of 10.0% and a 67.99% success rate. Catellier covers the Energy sector, focusing on stocks such as Pembina Pipeline, Keyera Corp., and AltaGas.
In addition to CIBC, Pembina Pipeline also received a Buy from Barclays’s Theresa Chen in a report issued on June 23. However, today, BMO Capital maintained a Hold 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 20 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.
Read More on PBA:
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- Aecon Group upgraded to Outperform from Market Perform at Raymond James
- Pembina Pipeline price target raised to $68 from $65 at BMO Capital
- Pembina agrees to participate in proposed nation-building energy corridor
- Pembina Pipeline Greenlights $4.6 Billion Alberta Gas Power Plant for Major Data Centre
- Pembina Pipeline announces positive final investment decision on GLEC
