Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Thursday, November 21st, TickerTech reports. Investors of record on Monday, December 16th will be paid a dividend of 0.1425 per share on Monday, December 16th. This represents a $1.71 annualized dividend and a yield of 7.69%. The ex-dividend date is Thursday, November 21st.
IPL stock traded up C$0.02 during trading on Tuesday, hitting C$22.24. 358,241 shares of the company traded hands, compared to its average volume of 1,805,927. The stock’s 50-day simple moving average is C$22.18 and its 200 day simple moving average is C$22.25. The company has a debt-to-equity ratio of 159.67, a current ratio of 0.12 and a quick ratio of 0.10. The company has a market cap of $9.07 billion and a PE ratio of 15.54. Inter Pipeline has a 1 year low of C$18.60 and a 1 year high of C$25.42.
IPL has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Inter Pipeline from C$23.00 to C$25.00 in a research report on Wednesday, August 28th. Royal Bank of Canada reduced their price target on Inter Pipeline from C$25.00 to C$24.00 and set a “sector perform” rating for the company in a research report on Monday, November 11th. TD Securities reduced their price target on Inter Pipeline from C$28.00 to C$26.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Raymond James reiterated a “market perform” rating and set a C$24.00 price target on shares of Inter Pipeline in a research report on Tuesday, November 12th. Finally, AltaCorp Capital reduced their price target on Inter Pipeline from C$26.50 to C$26.00 in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Inter Pipeline has a consensus rating of “Hold” and a consensus target price of C$24.90.
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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