Insider Buying: Inter Pipeline Ltd (IPL) Insider Purchases 5,800 Shares of Stock

Inter Pipeline Ltd (TSE:IPL) insider David Michael Chappell bought 5,800 shares of Inter Pipeline stock in a transaction dated Monday, January 15th. The shares were acquired at an average cost of C$25.89 per share, for a total transaction of C$150,162.00.

Shares of Inter Pipeline Ltd (TSE IPL) traded down C$0.26 during mid-day trading on Friday, reaching C$25.41. The company had a trading volume of 1,183,943 shares, compared to its average volume of 826,953. The stock has a market capitalization of $9,570.00, a PE ratio of 18.41 and a beta of 0.36. Inter Pipeline Ltd has a 12 month low of C$22.14 and a 12 month high of C$29.79.

Inter Pipeline (TSE:IPL) last issued its quarterly earnings results on Thursday, November 9th. The company reported C$0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.39 by C($0.01). Inter Pipeline had a return on equity of 17.06% and a net margin of 26.02%.

The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, January 22nd will be paid a $0.14 dividend. The ex-dividend date is Friday, January 19th. This represents a $1.68 annualized dividend and a yield of 6.61%. Inter Pipeline’s payout ratio is 117.03%.

Several equities analysts have recently issued reports on IPL shares. BMO Capital Markets reissued an “outperform” rating and set a C$28.00 target price on shares of Inter Pipeline in a research note on Friday, November 10th. CIBC reduced their target price on Inter Pipeline from C$31.00 to C$30.00 in a research note on Monday, November 13th. GMP Securities boosted their target price on Inter Pipeline from C$29.00 to C$29.50 in a research note on Monday, November 13th. Raymond James Financial boosted their target price on Inter Pipeline from C$26.00 to C$28.00 and gave the company a “market perform” rating in a research note on Monday, November 13th. Finally, TD Securities boosted their target price on Inter Pipeline from C$33.00 to C$35.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$30.19.

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About Inter Pipeline

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.

Insider Buying and Selling by Quarter for Inter Pipeline (TSE:IPL)

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