Inter Pipeline (TSE:IPL) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 8th. Analysts expect Inter Pipeline to post earnings of C$0.41 per share for the quarter.
Inter Pipeline (TSE:IPL) last issued its earnings results on Thursday, August 9th. The company reported C$0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.37 by C($0.02). The firm had revenue of C$631.00 million during the quarter, compared to analyst estimates of C$581.89 million.
Shares of Inter Pipeline stock opened at C$22.21 on Wednesday. Inter Pipeline has a 12 month low of C$20.68 and a 12 month high of C$27.92.
The firm also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th will be given a $0.14 dividend. The ex-dividend date is Friday, October 19th. This represents a $1.68 annualized dividend and a dividend yield of 7.56%.
Several analysts recently issued reports on IPL shares. Punk Ziegel & Co cut their price objective on Inter Pipeline from C$25.00 to C$24.00 in a report on Friday, October 5th. CIBC cut their price objective on Inter Pipeline from C$31.00 to C$30.00 in a report on Wednesday, October 24th. BMO Capital Markets increased their price objective on Inter Pipeline from C$25.00 to C$26.00 in a report on Friday, August 10th. Finally, National Bank Financial reiterated an “outperform” rating and set a C$31.00 price objective on shares of Inter Pipeline in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$27.94.
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Inter Pipeline Company Profile
Inter Pipeline Ltd. engages in the petroleum transportation, 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. The Oil Sands Transportation segment transports petroleum products, such as bitumen blend and diluent through Cold Lake, Corridor, and Polaris pipeline systems covering approximately 3,300 kilometers of pipeline and 3.8 million barrels of storage capacity.
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