Inter Pipeline (TSE:IPL) has been assigned a C$13.00 target price by Tudor Pickering & Holt in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Tudor Pickering & Holt’s price target indicates a potential downside of 5.73% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. CSFB set a C$14.00 price target on shares of Inter Pipeline and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Credit Suisse Group reaffirmed a “neutral” rating and set a C$14.00 price target on shares of Inter Pipeline in a research note on Thursday, July 16th. National Bank Financial increased their price target on shares of Inter Pipeline from C$11.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Canaccord Genuity reaffirmed a “hold” rating and set a C$16.00 price target on shares of Inter Pipeline in a research note on Friday, August 21st. Finally, BMO Capital Markets increased their price objective on shares of Inter Pipeline from C$10.00 to C$12.00 in a research report on Friday, August 7th. Eleven analysts have rated the stock with a hold rating and four 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$15.53.
Shares of IPL opened at C$13.79 on Tuesday. The company has a debt-to-equity ratio of 180.15, a quick ratio of 0.21 and a current ratio of 0.23. The company has a market capitalization of $5.92 billion and a price-to-earnings ratio of 17.50. The company’s 50 day simple moving average is C$13.75 and its 200 day simple moving average is C$12.52. Inter Pipeline has a 1 year low of C$5.35 and a 1 year high of C$24.87.
Inter Pipeline (TSE:IPL) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.15. The company had revenue of C$539.50 million for the quarter, compared to analysts’ expectations of C$578.00 million. Equities analysts expect that Inter Pipeline will post 0.8463571 EPS for the current fiscal year.
About Inter Pipeline
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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