Is Inter Pipeline Ltd’s Fuel Running Low? The Stock Just Declined Again

 Is Inter Pipeline Ltd's Fuel Running Low? The Stock Just Declined Again

The stock of Inter Pipeline Ltd (TSE:IPL) is a huge mover today! About 499,619 shares traded hands. Inter Pipeline Ltd (TSE:IPL) has risen 3.06% since April 20, 2016 and is uptrending. It has underperformed by 2.35% the S&P500.
The move comes after 9 months negative chart setup for the $9.91 billion company. It was reported on Nov, 24 by Barchart.com. We have $25.57 PT which if reached, will make TSE:IPL worth $693.70 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. Inter Pipeline Ltd. has been the topic of 20 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Thursday, February 4 by BMO Capital Markets. The stock has “Buy” rating given by TD Securities on Friday, August 7. Scotia Capital maintained it with “Sector Perform” rating and $30 target price in Friday, August 7 report. Raymond James maintained Inter Pipeline Ltd (TSE:IPL) rating on Friday, August 7. Raymond James has “Market Perform” rating and $30 price target. National Bank Canada maintained the stock with “Outperform” rating in Friday, August 7 report. On Thursday, August 18 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Raymond James maintained the shares of IPL in a report on Monday, June 6 with “” rating.

More notable recent Inter Pipeline Ltd (TSE:IPL) news were published by: Fool.ca which released: “Dividend Investors: Is Altagas Ltd. or Inter Pipeline Ltd. a Better Pick Today?” on November 21, 2016, also Bloomberg.com with their article: “Inter Pipeline Makes $1 Billion Bet on Rally in Williams Buy” published on August 08, 2016, 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 Fool.ca‘s news article titled: “Inter Pipeline Ltd: Is the 7% Yield Reliable?” with publication date: February 08, 2016.

Inter Pipeline Ltd. owns and operates energy infrastructure assets located in western Canada and Europe. The company has a market cap of $9.91 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 20.43 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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