Analyst Lloyd Byrne of Jefferies maintained a Hold rating on Pembina Pipeline, with a price target of C$53.00.
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Lloyd Byrne has given his Hold rating due to a combination of factors, including Pembina Pipeline’s recent financial performance and future projections. The company’s EBITDA for the second quarter was in line with expectations, but the full-year 2025 guidance has been slightly reduced at the midpoint. This adjustment reflects some caution in the company’s outlook.
Additionally, Pembina has made some strategic moves, such as acquiring facilities through PGI and sanctioning an optimization project at Prince Rupert. While these initiatives indicate potential for growth, the progress of the Cedar LNG project and anticipated decisions on larger pipeline investments in the coming months add uncertainty. These elements contribute to a balanced view, justifying the Hold rating as the company navigates both opportunities and challenges.
Based on the recent corporate insider activity of 30 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.