Inter Pipeline Ltd (TSE:IPL) announced a monthly dividend on Tuesday, January 21st, TickerTech reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.1425 per share on Friday, February 14th. This represents a $1.71 annualized dividend and a dividend yield of 7.59%. The ex-dividend date is Tuesday, January 21st. This is a positive change from Inter Pipeline’s previous monthly dividend of $0.14.
Shares of IPL opened at C$22.52 on Monday. The company has a 50 day moving average price of C$22.37 and a 200-day moving average price of C$22.78. Inter Pipeline has a fifty-two week low of C$19.73 and a fifty-two week high of C$25.42. The stock has a market capitalization of $9.26 billion and a PE ratio of 15.74. The company has a debt-to-equity ratio of 159.67, a quick ratio of 0.10 and a current ratio of 0.12.
Inter Pipeline (TSE:IPL) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.27 by C($0.08). The business had revenue of C$590.80 million for the quarter, compared to analyst estimates of C$588.00 million. Equities research analysts forecast that Inter Pipeline will post 1.01 EPS for the current year.
A number of research analysts have issued reports on IPL shares. AltaCorp Capital cut their price target on shares of Inter Pipeline from C$26.50 to C$26.00 in a research note on Monday, November 11th. National Bank Financial lowered shares of Inter Pipeline from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$27.00 to C$26.00 in a research note on Friday, November 8th. CIBC lowered shares of Inter Pipeline from an “outperform” rating to a “neutral” rating and cut their price target for the company from C$24.00 to C$22.00 in a research note on Friday, November 8th. Royal Bank of Canada cut their price target on shares of Inter Pipeline from C$25.00 to C$24.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Finally, TD Securities cut their price target on shares of Inter Pipeline from C$28.00 to C$26.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$24.90.
Inter Pipeline Company Profile
Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; Natural Gas Liquids (NGL) Processing; and Bulk Liquid Storage.
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