Cormark Research Analysts Reduce Earnings Estimates for Inter Pipeline Ltd (IPL)

Inter Pipeline Ltd (TSE:IPL) – Analysts at Cormark lowered their Q1 2019 EPS estimates for Inter Pipeline in a note issued to investors on Tuesday, February 19th. Cormark analyst B. Watson now anticipates that the company will post earnings per share of $0.37 for the quarter, down from their prior estimate of $0.41. Cormark also issued estimates for Inter Pipeline’s Q2 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.38 EPS and FY2019 earnings at $1.41 EPS.

A number of other analysts also recently weighed in on IPL. National Bank Financial restated an “outperform” rating and issued a C$31.00 target price on shares of Inter Pipeline in a report on Thursday, November 1st. Royal Bank of Canada reduced their target price on shares of Inter Pipeline from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a report on Monday, November 12th. BMO Capital Markets restated a “market perform” rating and issued a C$26.00 target price on shares of Inter Pipeline in a report on Tuesday, December 4th. CIBC reduced their target price on shares of Inter Pipeline from C$30.00 to C$29.00 in a report on Tuesday, January 15th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Inter Pipeline from C$28.00 to C$26.00 in a report on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$25.33.

Inter Pipeline stock opened at C$21.14 on Friday. Inter Pipeline has a twelve month low of C$18.60 and a twelve month high of C$25.66. The company has a debt-to-equity ratio of 142.72, a quick ratio of 0.16 and a current ratio of 0.18. The stock has a market capitalization of $8.58 billion and a PE ratio of 13.85.

The company also recently declared a monthly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 15th will be issued a dividend of $0.1425 per share. The ex-dividend date is Friday, February 22nd. This represents a $1.71 annualized dividend and a yield of 8.09%. Inter Pipeline’s payout ratio is 110.42%.

About Inter Pipeline

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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Earnings History and Estimates for Inter Pipeline (TSE:IPL)

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