Inter Pipeline (TSE:IPL) had its target price reduced by National Bank Financial from C$29.50 to C$28.00 in a report issued on Friday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.
Several other research analysts also recently commented on IPL. CIBC decreased their target price on shares of Inter Pipeline from C$30.00 to C$29.00 in a research note on Tuesday, January 15th. JPMorgan Chase & Co. decreased their target price on shares of Inter Pipeline from C$28.00 to C$26.00 in a research note on Friday, February 1st. Cormark decreased their target price on shares of Inter Pipeline from C$30.00 to C$27.00 in a research note on Tuesday, February 12th. AltaCorp Capital reaffirmed an outperform rating on shares of Inter Pipeline in a research note on Wednesday, February 13th. Finally, BMO Capital Markets decreased their target price on shares of Inter Pipeline from C$26.00 to C$24.00 in a research note on Friday, February 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of C$25.11.
Shares of IPL stock traded down C$0.06 during trading hours on Friday, hitting C$20.75. 2,477,800 shares of the company’s stock were exchanged, compared to its average volume of 1,807,726. The company has a market capitalization of $8.40 billion and a PE ratio of 13.60. Inter Pipeline has a 12-month low of C$18.60 and a 12-month high of C$25.66. The company has a debt-to-equity ratio of 142.72, a quick ratio of 0.16 and a current ratio of 0.18.
Inter Pipeline (TSE:IPL) last issued its earnings results on Thursday, February 14th. The company reported C$0.36 EPS for the quarter, missing the consensus estimate of C$0.38 by C($0.02). The company had revenue of C$630.90 million for the quarter, compared to the consensus estimate of C$685.00 million. On average, research analysts predict that Inter Pipeline will post 1.29999983559721 EPS for the current year.
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be paid a $0.1425 dividend. This represents a $1.71 annualized dividend and a dividend yield of 8.24%. The ex-dividend date is Monday, April 22nd. Inter Pipeline’s payout ratio is 110.42%.
About Inter Pipeline
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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