Inter Pipeline Ltd (TSE:IPL) Director Peter Louis Cella acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average cost of C$17.12 per share, for a total transaction of C$171,200.00.

TSE:IPL opened at C$22.62 on Wednesday. Inter Pipeline Ltd has a fifty-two week low of C$20.68 and a fifty-two week high of C$27.92. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 145.36.

The business also recently declared a monthly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, December 14th will be issued a dividend of $0.1425 per share. This represents a $1.71 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend is Tuesday, November 20th. This is a positive change from Inter Pipeline’s previous monthly dividend of $0.14. Inter Pipeline’s dividend payout ratio is presently 111.04%.

Several brokerages have recently issued reports on IPL. Royal Bank of Canada decreased their price objective on Inter Pipeline from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a report on Monday. BMO Capital Markets upped their price objective on Inter Pipeline from C$25.00 to C$26.00 in a report on Friday, August 10th. National Bank Financial reaffirmed an “outperform” rating and set a C$31.00 price objective on shares of Inter Pipeline in a report on Thursday, November 1st. Punk Ziegel & Co decreased their price objective on Inter Pipeline from C$25.00 to C$24.00 in a report on Friday, October 5th. Finally, CIBC decreased their price objective on Inter Pipeline from C$31.00 to C$30.00 in a report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$27.78.

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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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