Inter Pipeline Ltd (TSE:IPL) – Equities researchers at Cormark boosted their Q3 2019 earnings per share (EPS) estimates for Inter Pipeline in a report issued on Monday, August 12th, Zacks Investment Research reports. Cormark analyst B. Watson now forecasts that the company will post earnings per share of $0.32 for the quarter, up from their previous forecast of $0.30. Cormark also issued estimates for Inter Pipeline’s Q4 2019 earnings at $0.32 EPS, FY2019 earnings at $1.51 EPS, Q1 2020 earnings at $0.39 EPS, Q2 2020 earnings at $0.33 EPS, Q3 2020 earnings at $0.33 EPS, Q4 2020 earnings at $0.37 EPS and FY2020 earnings at $1.43 EPS.
Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Inter Pipeline from C$23.00 to C$25.00 in a research report on Wednesday, August 28th. CIBC raised shares of Inter Pipeline from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Raymond James raised shares of Inter Pipeline from an “underperform” rating to a “market perform” rating and increased their price target for the stock from C$20.00 to C$25.00 in a research report on Monday, August 12th. Industrial Alliance Securities cut shares of Inter Pipeline from a “strong-buy” rating to a “hold” rating and increased their price target for the stock from C$25.50 to C$26.00 in a research report on Monday, August 12th. Finally, BMO Capital Markets increased their price target on shares of Inter Pipeline from C$22.00 to C$23.00 in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$25.60.
TSE:IPL traded up C$0.41 on Wednesday, reaching C$25.20. The stock had a trading volume of 2,545,042 shares, compared to its average volume of 1,831,378. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 153.30. Inter Pipeline has a 12-month low of C$18.60 and a 12-month high of C$25.28. The company has a 50-day moving average of C$23.48 and a 200 day moving average of C$21.87. The stock has a market cap of $10.12 billion and a P/E ratio of 15.02.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be paid a dividend of $0.1425 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.71 annualized dividend and a yield of 6.79%. Inter Pipeline’s dividend payout ratio (DPR) is 101.31%.
Inter Pipeline Company Profile
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.