Inter Pipeline Downgraded to “Sector Perform” at CIBC (IPL)
Inter Pipeline (TSE:IPL) was downgraded by equities research analysts at CIBC to a “sector perform” rating in a research note issued to investors on Wednesday, Analyst RN reports.
IPL has been the subject of a number of other recent research reports. Analysts at National Bank Financial raised their price target on shares of Inter Pipeline from C$32.00 to C$33.00 in a research note on Tuesday. Separately, analysts at Canaccord Genuity downgraded shares of Inter Pipeline to a “hold” rating in a research note on Tuesday. Finally, analysts at GMP Securities initiated coverage on shares of Inter Pipeline in a research note on Monday, April 28th. They set a “buy” rating on the stock.
Inter Pipeline (TSE:IPL) opened at 30.54 on Wednesday. Inter Pipeline has a 1-year low of $23.80 and a 1-year high of $30.85. The stock has a 50-day moving average of $29.37 and a 200-day moving average of $27.47.
Inter Pipeline (TSE:IPL) last announced its earnings results on Tuesday, May 13th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.02.
The company also recently announced a may 14 dividend, which is scheduled for Monday, June 16th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.1075 per share. This represents a dividend yield of 4.18%. The ex-dividend date is Wednesday, May 21st.
Inter Pipeline Ltd, formerly Inter Pipeline Fund (TSE:IPL), is a limited partnership engaged in petroleum transportation, natural gas liquids extraction, and bulk liquid storage business.
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