Inter Pipeline Ltd (IPL) Director Buys C$25,930.00 in Stock

Inter Pipeline Ltd (TSE:IPL) Director Alison Taylor Love acquired 1,000 shares of the company’s stock in a transaction on Monday, January 15th. The stock was purchased at an average cost of C$25.93 per share, for a total transaction of C$25,930.00.

Inter Pipeline Ltd (TSE:IPL) traded down C$0.26 during midday trading on Friday, hitting C$25.41. 1,183,943 shares of the company were exchanged, compared to its average volume of 826,953. The stock has a market cap of $9,660.00, a P/E ratio of 18.41 and a beta of 0.36. Inter Pipeline Ltd has a 1 year low of C$22.14 and a 1 year high of C$29.79.

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

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

A number of brokerages have commented on IPL. GMP Securities increased their price objective on shares of Inter Pipeline from C$29.00 to C$29.50 in a research report on Monday, November 13th. BMO Capital Markets reissued an “outperform” rating and issued a C$28.00 price objective on shares of Inter Pipeline in a research report on Friday, November 10th. Raymond James Financial increased their price objective on shares of Inter Pipeline from C$26.00 to C$28.00 and gave the company a “market perform” rating in a research report on Monday, November 13th. CIBC dropped their target price on shares of Inter Pipeline from C$31.00 to C$30.00 in a research report on Monday, November 13th. Finally, TD Securities increased their target price on shares of Inter Pipeline from C$33.00 to C$35.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Inter Pipeline presently has an average rating of “Hold” and an average price target of C$30.19.

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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.

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

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