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Pembina Pipeline (PBA) has an average rating of overweight and mean price target of CA$71.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 3.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 3%.The Philadelphia Oil Service Sector Index climbed 0.9%, and the Dow Jones US Utilities Index was up 0.9%.Crude oil prices surged after reports that President Donald Trump will reinstate a blockade on Iranian ships transiting the Strait of Hormuz. Trump said the US would charge a 20% toll on eligible cargo, escalating tensions after a weekend of attacks by both nations to assert control of the critical waterway, the Associated Press reported.West Texas Intermediate crude oil jumped 8.8% to $77.70 a barrel, and global benchmark Brent climbed 9.1% to $82.90 a barrel. Henry Hub natural gas futures fell 2.2% to $2.88 per 1 million BTU.In sector news, the White House is organizing a voluntary agreement between utility companies and data center developers to prevent AI electricity demand from inflating consumer bills, Reuters reported.In corporate news, Shell (SHEL) said its Shell Overseas Investment unit agreed to sell Solenergi Power to Aditya Birla Renewables for $1.8 billion. Shell shares rose 2.1%.Pembina Pipeline (PBA) shares gained 4.2% after Wells Fargo upgraded the stock to overweight from underweight.Eni (E) agreed to fuel BMW corporate fleet vehicles in Italy with a diesel biofuel produced from renewable materials. Separately, Eni's Eni Industrial Evolution unit and Seri Industrial's FIB have established Faenix, a commercial platform focused on battery energy storage systems based on lithium iron phosphate technology. Eni shares climbed 3.7%.Fermi's (FRMI) co-founder and largest shareholder, Toby Neugebauer, said Miles Everson's resignation from the company's board stemmed from a governance dispute rather than personal reasons, according to a statement. Neugebauer said Everson, Fermi's former chief financial officer, resigned after the board was not notified of a $375 million convertible note offering before it was publicly announced. Fermi shares were down 4.9%.
Energy stocks gained late Monday afternoon with the NYSE Energy Sector Index rising 3.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 3.3%.The Philadelphia Oil Service Sector Index climbed 1.1%, and the Dow Jones US Utilities Index was up 0.8%.Crude oil prices surged after reports that President Donald Trump will reinstate a blockade on Iranian ships transiting the Strait of Hormuz. Trump said the US would charge a 20% toll on eligible cargo, escalating tensions after a weekend of attacks by both nations to assert control of the critical waterway, the Associated Press reported.West Texas Intermediate crude oil jumped 8.8% to $77.70 a barrel, and global benchmark Brent climbed 8.8% to $82.66 a barrel. Henry Hub natural gas futures fell 2.1% to $2.88 per 1 million BTU.In corporate news, Pembina Pipeline (PBA) shares gained 4.3% after Wells Fargo upgraded the stock to overweight from underweight.
Pembina Pipeline (PBA) shares rose 4.4% in Monday trading after Wells Fargo upgraded the stock to overweight from underweight, and raised its price target to CA$76 per share from CA$55.Trading volume stood at about 648,000 shares, compared with a daily average of about 1.2 million.Price: $49.62, Change: $+2.07, Percent Change: +4.35%
Energy stocks were higher in early trading Monday, with the State Street Energy Select Sector SPDR ETF (XLE) gaining 2.2%.The United States Oil Fund (USO) was up 3.3%, while the United States Natural Gas Fund (UNG) was 3% lower.Front-month US West Texas Intermediate crude oil was up 3.8% to $74.09 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.6% to $78.76 per barrel, and natural gas futures were 1.5% lower at $2.90 per 1 million British Thermal Units.Pembina Pipeline (PBA) stock was up more than 2%. Wells Fargo upgraded Pembina Pipeline to overweight from underweight and raised its price target to CA$76 from CA$55.Occidental Petroleum (OXY) rose 2% in early Monday trading. Jefferies cut the company's price target to $56 from $58 while maintaining a hold rating.Targa Resources (TRGP) shares were up 1.3%. Goldman Sachs raised its price target on the company to $298 from $283 and maintained a buy rating.
Energy stocks were higher premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) gaining 1.3%.The United States Oil Fund (USO) was up 3.4%, while the United States Natural Gas Fund (UNG) was 1.8% lower.Front-month US West Texas Intermediate crude oil was up 3.8% to $74.09 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.7% to $78.80 per barrel, and natural gas futures were 1.5% lower at $2.90 per 1 million British Thermal Units.Pembina Pipeline (PBA) stock was up more than 1% before market open, reversing the 0.8% fall in the prior session. Wells Fargo upgraded Pembina Pipeline to overweight from underweight and raised its price target to CA$76 from CA$55.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4%, and the actively traded Invesco QQQ Trust (QQQ) retreated 1% in Monday's premarket activity, as renewed military tensions between the US and Iran drove oil prices higher.US stock futures were also lower, with S&P 500 Index futures down 0.3%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures retreating 0.9% before the start of regular trading.Fed Governor Christopher Waller is slated to speak on Monday.In premarket action, bitcoin was down by 2.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.9% lower, Ether ETF (EETH) retreated 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 2%.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.9% lower.First Hawaiian (FHB) shares traded down 6% in early hours activity, while TriCo Bancshares (TCBK) was up 7% after the companies signed a definitive agreement for First Hawaiian to acquire TriCo in an all-stock transaction.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 1.5%, and the iShares US Technology ETF (IYW) was 0.4% lower, while the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was down 3.2%, while the iShares Semiconductor ETF (SOXX) declined by 3.3%.Intel (INTC) shares were down more than 3% in premarket activity after the company said it is investing 5 billion euros ($5.71 billion) in its Leixlip campus in Ireland to scale capacity to deliver Intel Xeon 6 and next-gen Intel Xeon built on its Intel 3 node.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) was down 0.2%, the Vanguard Industrials Index Fund (VIS) retreated 0.4%, and the iShares US Industrials ETF (IYJ) was inactive.Rockwell Automation (ROK) stock declined more than 3% before the opening bell following a 1% rise at Friday's close. Citigroup lifted the company's price target to $555 from $500 and maintained its buy rating.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.4% lower.InMode (INMD) stock was down more than 1% premarket after rising 1.8% at the prior close. The company reported preliminary Q2 revenue of $95.2 million to $95.4 million.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.1%, and the iShares US Consumer Staples ETF (IYK) was down 0.9%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.1% lower.Nio (NIO) shares were up more than 1% pre-bell after Goldman Sachs upgraded the company to buy from neutral and lifted its price target to $7 from $6.60.EnergyThe iShares US Energy ETF (IYE) was up 0.5%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.5%.Pembina Pipeline (PBA) stock was up more than 1% before the market open, reversing the 0.8% fall in the prior session. Wells Fargo upgraded Pembina Pipeline to overweight from underweight and raised its price target to CA$76 from CA$55.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 3.8% to $74.09 per barrel on the New York Mercantile Exchange. Natural gas was down by 1.5% to $2.90 per 1 million British Thermal Units. The United States Oil Fund (USO) was up 4%, while the United States Natural Gas Fund (UNG) was 1.4% lower.Gold futures for July fell 1.1% to $4,068.70 an ounce on the Comex. Silver futures retreated by 2.4% to $58.71 an ounce. SPDR Gold Shares (GLD) decreased 1.1%, and the iShares Silver Trust (SLV) was 2.2% lower.
Pembina Pipeline (PBA) said Thursday that the company, along with its partners, announced a positive final investment decision on the Greenlight Electricity Centre power generation plant in Alberta, Canada, to supply electricity to a customer's data center under a long-term contract.The agreement provides revenue through capacity payments and usage-based payments. The plant is expected to be operational by the second half of 2030, according to a statement.The total project cost, net to Pembina, is expected to be about CA$2.3 billion. Pembina's total net investment is expected to be about CA$2.1 billion, inclusive of proceeds from the sale of land to the customer, according to the company.The 932-megawatt power generation facility is expected to generate annual run-rate adjusted EBITDA of about CA$310 million, net to Pembina, the company said.Price: $46.14, Change: $+0.33, Percent Change: +0.72%
RBC Capital Markets on Monday maintained its outperform rating on the shares of Pembina Pipeline (PPL.TO, PBA) and its C$68.00 price target after the company decided to go ahead with the C$570 million Heartland Extraction Plan and agreed to supply ethane to Dow.The sanctioning of the Heartland extraction plant and updating of the Dow ethane supply agreement are expected to positively impact on the company's share price.The Heartland plant is a larger version of the previously disclosed Yellowhead extraction plant, and helps Pembina monetize its sole liquids extraction rights on the Yellowhead mainline.Meanwhile, Pembina and Dow have amended the terms of their previously announced ethane supply agreement. Under the amended long-term agreement, Pembina will supply Dow with 35,000 barrels per day of ethane, commencing with the scheduled 2029 startup of Dow's Path2Zero project.Price: $67.44, Change: $-0.29, Percent Change: -0.43%
RBC Capital Markets reiterated its outperform rating on the shares of Pembina Pipeline (PPL.TO, PBA) while raising its price target to C$68.00 from C$64.00 following the company's first-quarter results.Pembina's strong results and 2026 guidance upgrade were driven by its marketing segment, but the company's commercial and project execution accomplishments should not be overlooked, analyst Maurice Choy said."We continue to see Pembina as well-positioned to capitalize on the strong fundamentals that make the Western Canada Sedimentary Basin an attractive global market," Choy said."With its leading fully integrated midstream platform in a prolific basin, the company is poised to benefit from growing global energy demand, increasing strategic relevance of Canadian energy, and emerging demand drivers such as LNG, petrochemical, and data center power demand," he added.Price: $63.23, Change: $+0.65, Percent Change: +1.04%
Energy stocks were edging higher premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.4%.The United States Oil Fund (USO) was up 1.1% and The United States Natural Gas Fund (UNG) was 2.4% lower.Front-month US West Texas Intermediate crude oil was 0.3% higher at $93.20 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.2% to reach $102.06 per barrel, and natural gas futures were down 1.8% at $2.67 per 1 million British Thermal Units.Helix Energy Solutions (HLX) and Hornbeck Offshore Services have agreed to merge in an all-stock deal to form an integrated offshore services company. Shares of Helix Energy Solutions Group were up more than 5% pre-bell.Sasol (SSL) said it now expects fiscal 2026 fuel sales volume growth of 10% to 15% year-over-year, up from previous guidance of 5% to 10%. Sasol shares were down more than 2% premarket.Apollo Global Management (APO) said Thursday it has agreed to acquire a 40% stake in Pembina Gas Infrastructure from KKR (KKR). Pembina Pipeline (PBA) shares were nearly 2% higher pre-bell.
Tudor, Pickering, Holt on Thursday maintained its buy rating on the shares of Pembina Pipeline (PPL.TO, PBA) with a C$65.00 price target ahead of the oil and gas infrastructure and processing company's first-quarter results."Lowering Q1 Adj. EBITDA by C$71MM to C$222MM versus consensus at C$253MM. The biggest drivers of the revision were (1) the timing of the PAA NGL acquisition closing and (2) adjusting our Marketing expectations in H1'26 to more accurately reflect the AEF outage and turnaround. On fee-based results for Q1, volumes improved by ~6% across KEY's G&P assets (based on data through February 2026), driving TPHe realized margin to C$119MM. However, this gain will be offset by lost AEF processing fees realized by the Liquids Infrastructure segment, resulting in net fee-based results roughly in line with Q4. On Marketing, the AEF outage came at an unfortunate time given the severe volatility in commodity prices. We currently expect realized margin of C$10MM, down from C$89MM in Q4, driven by the AEF outage and losses on hedges, which should reverse in subsequent quarters as the company sells through inventory (more of a timing issue). Despite these sizable H1'26 revisions, our FY'26 estimate only moved down C$12MM to C$1,732MM (vs. Street C$1,671MM). Our higher H2'26 outlook is predicated on the NGL acquisition closing at the end of May, stronger outright NGL pricing in H2, a robust summer iso-octane premium environment, and a more favorable frac spread. We maintain our Buy rating with a C$65/share price target," analyst AJ O'Donnell wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $58.99, Change: $-0.36, Percent Change: -0.61%
