Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Monday, April 22nd, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.1425 per share on Wednesday, May 15th. This represents a $1.71 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend is Monday, April 22nd.
IPL stock opened at C$22.29 on Wednesday. The company has a debt-to-equity ratio of 142.72, a current ratio of 0.18 and a quick ratio of 0.16. Inter Pipeline has a 12 month low of C$18.60 and a 12 month high of C$25.66. The company has a market capitalization of $8.86 billion and a PE ratio of 14.61.
Inter Pipeline (TSE:IPL) last released its quarterly earnings data on Thursday, February 14th. The company reported C$0.36 EPS for the quarter, missing analysts’ consensus estimates of C$0.38 by C($0.02). The firm had revenue of C$630.90 million for the quarter, compared to the consensus estimate of C$685.00 million. Equities research analysts predict that Inter Pipeline will post 1.30058084672518 EPS for the current year.
IPL has been the subject of several research analyst reports. National Bank Financial dropped their target price on shares of Inter Pipeline from C$29.00 to C$28.00 in a research report on Tuesday, February 19th. BMO Capital Markets dropped their target price on shares of Inter Pipeline from C$26.00 to C$24.00 in a research report on Friday, February 15th. CIBC dropped their target price on shares of Inter Pipeline from C$29.00 to C$26.00 in a research report on Tuesday, February 19th. Raymond James dropped their target price on shares of Inter Pipeline from C$23.00 to C$20.00 and set an “underperform” rating for the company in a research report on Wednesday, February 20th. Finally, Cormark dropped their target price on shares of Inter Pipeline from C$30.00 to C$27.00 in a research report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of C$25.33.
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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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