Inter Pipeline Ltd (IPL) Expected to Post Q3 2017 Earnings of $0.45 Per Share
Inter Pipeline Ltd (TSE:IPL) – Stock analysts at National Bank Financial issued their Q3 2017 earnings per share estimates for Inter Pipeline in a research note issued on Monday. National Bank Financial analyst P. Kenny expects that the company will post earnings of $0.45 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $31.00 target price on the stock.
IPL has been the subject of a number of other reports. Scotiabank cut their price objective on Inter Pipeline from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Monday, August 14th. BMO Capital Markets cut their price objective on Inter Pipeline from C$29.00 to C$27.00 in a research report on Friday, August 11th. AltaCorp Capital upgraded Inter Pipeline from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, August 22nd. Raymond James Financial, Inc. cut their price objective on Inter Pipeline from C$30.00 to C$26.00 and set a “market perform” rating for the company in a research report on Monday, August 14th. Finally, CIBC cut their price objective on Inter Pipeline from C$32.00 to C$31.00 in a research report on Monday, July 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Inter Pipeline presently has an average rating of “Hold” and a consensus target price of C$29.78.
Shares of Inter Pipeline (TSE:IPL) opened at 25.88 on Thursday. The stock has a market capitalization of $9.69 billion and a price-to-earnings ratio of 19.36. Inter Pipeline has a 12-month low of $22.14 and a 12-month high of $30.07. The company has a 50-day moving average of $24.44 and a 200 day moving average of $25.55.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 15th will be given a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date is Friday, October 20th.
In other news, insider James Joseph Madro purchased 2,200 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of C$22.49 per share, for a total transaction of C$49,478.00. Also, insider Brent Heagy purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average price of C$23.06 per share, with a total value of C$92,240.00. Insiders bought 11,500 shares of company stock valued at $265,409 over the last 90 days.
Inter Pipeline Company Profile
Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe.
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