Could Inter Pipeline Ltd Change Direction After Today’s Huge Decline?

 Could Inter Pipeline Ltd Change Direction After Today's Huge Decline?

The stock of Inter Pipeline Ltd (TSE:IPL) is a huge mover today! About 263,590 shares traded hands. Inter Pipeline Ltd (TSE:IPL) has risen 1.38% since March 31, 2016 and is uptrending. It has outperformed by 0.29% the S&P500.
The move comes after 6 months negative chart setup for the $9.60B company. It was reported on Nov, 4 by Barchart.com. We have $24.59 PT which if reached, will make TSE:IPL worth $768.00 million less.

Inter Pipeline Ltd (TSE:IPL) Ratings Coverage

Out of 4 analysts covering Inter Pipeline Ltd. (TSE:IPL), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $36 is the highest target while $25 is the lowest. The $28.63 average target is 7.11% above today’s ($26.73) stock price. Inter Pipeline Ltd. has been the topic of 20 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was initiated by BMO Capital Markets with “Market Perform” on Thursday, February 4. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, August 7 report. BMO Capital Markets maintained the stock with “Market Perform” rating in Thursday, August 18 report. The firm earned “” rating on Monday, June 6 by Raymond James. National Bank Canada maintained Inter Pipeline Ltd (TSE:IPL) on Friday, August 7 with “Outperform” rating. The firm earned “Market Perform” rating on Friday, August 7 by Raymond James. The company was maintained on Friday, August 7 by TD Securities.

More notable recent Inter Pipeline Ltd (TSE:IPL) news were published by: Bloomberg.com which released: “Inter Pipeline Makes $1 Billion Bet on Rally in Williams Buy” on August 08, 2016, also Theglobeandmail.com with their article: “The Globe and Mail” published on September 06, 2013, Business.Financialpost.com published: “Inter Pipeline Ltd upgraded following Williams deal” on August 18, 2016. More interesting news about Inter Pipeline Ltd (TSE:IPL) were released by: Forbes.com and their article: “Ex-Div Reminder for Inter Pipeline (IPL)” published on August 16, 2016 as well as Forbes.com‘s news article titled: “Inter Pipeline About To Put More Money In Your Pocket (IPL)” with publication date: July 18, 2016.

Inter Pipeline Ltd. owns and operates energy infrastructure assets located in western Canada and Europe. The company has a market cap of $9.60 billion. Inter Pipeline operates in four divisions: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business. It has a 19.61 P/E ratio. The Company’s oil sands transportation business consists of the Corridor, Cold Lake and Polaris pipeline systems, which transport petroleum products and provide related blending and handling services in Alberta.

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