Inter Pipeline Ltd (TSE:IPL) – Stock analysts at Cormark dropped their Q4 2020 earnings per share (EPS) estimates for Inter Pipeline in a research report issued on Monday, November 11th. Cormark analyst B. Watson now expects that the company will post earnings of $0.27 per share for the quarter, down from their previous estimate of $0.37.
Other research analysts have also recently issued reports about the company. Royal Bank of Canada decreased their price objective on Inter Pipeline from C$25.00 to C$24.00 and set a “sector perform” rating on the stock in a report on Monday. BMO Capital Markets upped their price target on Inter Pipeline from C$23.00 to C$24.00 in a research note on Monday, September 9th. National Bank Financial cut Inter Pipeline from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$27.00 to C$26.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on Inter Pipeline from C$23.00 to C$25.00 in a research note on Wednesday, August 28th. Finally, Raymond James restated a “market perform” rating and set a C$24.00 price target on shares of Inter Pipeline in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Inter Pipeline currently has an average rating of “Hold” and an average target price of C$25.00.
The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.1425 per share. This represents a $1.71 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date of this dividend is Thursday, November 21st. Inter Pipeline’s dividend payout ratio (DPR) is 101.76%.
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.
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