Inter Pipeline Ltd (IPL) Given Consensus Rating of “Buy” by Brokerages

Inter Pipeline Ltd (TSE:IPL) has earned an average recommendation of “Buy” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$29.81.

Several equities analysts have issued reports on IPL shares. BMO Capital Markets downgraded shares of Inter Pipeline from an “outperform” rating to a “market perform” rating and set a C$28.00 price objective for the company. in a research note on Tuesday, December 19th. National Bank Financial upgraded shares of Inter Pipeline from a “sector perform” rating to an “outperform” rating and set a C$31.00 price objective for the company in a research note on Monday, January 29th. CIBC upped their price objective on shares of Inter Pipeline from C$30.00 to C$32.00 in a research note on Tuesday, December 19th. TD Securities upped their price objective on shares of 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. Finally, Raymond James Financial upped 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 note on Monday, November 13th.

Shares of Inter Pipeline (IPL) traded down C$0.27 during mid-day trading on Friday, hitting C$21.91. 828,487 shares of the company were exchanged, compared to its average volume of 1,019,739. The firm has a market capitalization of $8,330.00, a P/E ratio of 15.91 and a beta of 0.27. Inter Pipeline has a 12-month low of C$21.62 and a 12-month high of C$29.79.

Inter Pipeline (TSE:IPL) last issued its earnings results on Thursday, November 9th. The company reported C$0.38 EPS for the quarter, missing analysts’ consensus estimates 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 firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, January 22nd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.67%. Inter Pipeline’s payout ratio is 117.03%.

In other news, insider David Michael Chappell purchased 5,800 shares of the business’s stock in a transaction that occurred on Monday, January 15th. The stock was purchased at an average cost of C$25.89 per share, with a total value of C$150,162.00. Also, Director Alison Taylor Love purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 15th. The shares were purchased at an average cost of C$25.93 per share, with a total value of C$25,930.00. Insiders bought 7,120 shares of company stock valued at $184,300 over the last ninety days.

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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.

Analyst Recommendations for Inter Pipeline (TSE:IPL)

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