Inter Pipeline (IPL) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Inter Pipeline (TSE:IPL) released its earnings data on Friday. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.01, Analyst Ratings Network.com reports.
A number of analysts have recently weighed in on IPL shares. Analysts at RBC Capital raised their price target on shares of Inter Pipeline from C$34.00 to C$35.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock. On the ratings front, analysts at CIBC downgraded shares of Inter Pipeline to a “sector perform” rating in a research note on Wednesday, May 14th. Finally, 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, May 13th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$34.00.
Shares of Inter Pipeline (TSE:IPL) opened at 34.19 on Friday. Inter Pipeline has a 1-year low of $23.11 and a 1-year high of $35.19. The stock’s 50-day moving average is $33.31 and its 200-day moving average is $30.46. The company’s market cap is $10.982 billion.
The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.1075 per share. This represents a yield of 3.78%. The ex-dividend date of this dividend is Wednesday, August 20th.
Inter Pipeline Ltd is a Canada-based energy infrastructure business. The Company is engaged in petroleum transportation, storage and natural gas liquids extraction business.
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