Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Monday, September 9th, Zacks reports. Stockholders of record on Monday, September 23rd will be given a dividend of 0.142 per share on Tuesday, October 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date of this dividend is Friday, September 20th.
Shares of TSE IPL traded down C$0.21 during midday trading on Wednesday, hitting C$24.99. The company’s stock had a trading volume of 1,580,991 shares, compared to its average volume of 1,824,198. The company has a debt-to-equity ratio of 153.30, a quick ratio of 0.15 and a current ratio of 0.18. Inter Pipeline has a 1-year low of C$18.60 and a 1-year high of C$25.42. The firm’s fifty day moving average price is C$23.80 and its 200-day moving average price is C$21.99. The firm has a market cap of $10.39 billion and a P/E ratio of 14.89.
A number of equities analysts have issued reports on IPL shares. JPMorgan Chase & Co. raised their target price on shares of Inter Pipeline from C$23.00 to C$25.00 in a report on Wednesday, August 28th. Industrial Alliance Securities downgraded Inter Pipeline from a “strong-buy” rating to a “hold” rating and lifted their target price for the company from C$25.50 to C$26.00 in a research note on Monday, August 12th. Raymond James raised Inter Pipeline from an “underperform” rating to a “market perform” rating and upped their target price for the company from C$20.00 to C$25.00 in a report on Monday, August 12th. BMO Capital Markets increased their price target on Inter Pipeline from C$23.00 to C$24.00 in a research report on Monday. Finally, National Bank Financial raised their price target on Inter Pipeline from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$25.70.
Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; Natural Gas Liquids (NGL) Processing; and Bulk Liquid Storage.
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