Inter Pipeline (TSE:IPL) had its target price cut by National Bank Financial from C$29.50 to C$28.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other analysts have also issued reports about the company. Cormark lowered their target price on Inter Pipeline from C$30.00 to C$27.00 in a research note on Tuesday, February 12th. JPMorgan Chase & Co. reduced their price target on Inter Pipeline from C$28.00 to C$26.00 in a research report on Friday, February 1st. CIBC reduced their price target on Inter Pipeline from C$30.00 to C$29.00 in a research report on Tuesday, January 15th. BMO Capital Markets reduced their price target on Inter Pipeline from C$24.00 to C$22.00 in a research report on Friday. Finally, TD Securities reduced their price target on Inter Pipeline from C$31.00 to C$28.00 in a research report on Tuesday, February 19th. 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 company. Inter Pipeline presently has an average rating of Hold and an average target price of C$25.11.
Shares of IPL opened at C$20.78 on Friday. The firm has a market capitalization of $8.47 billion and a price-to-earnings ratio of 13.62. 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 has a 1 year low of C$18.60 and a 1 year high of C$25.66.
Inter Pipeline (TSE:IPL) last issued its earnings results on Thursday, February 14th. The company reported C$0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.38 by C($0.02). The business had revenue of C$630.90 million during the quarter, compared to analysts’ expectations of C$685.00 million. Research analysts anticipate that Inter Pipeline will post 1.29999995614458 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 23rd will be given a $0.142 dividend. This represents a $1.70 annualized dividend and a dividend yield of 8.20%. The ex-dividend date is Wednesday, May 22nd. Inter Pipeline’s dividend payout ratio (DPR) is presently 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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