Shares of Inter Pipeline Ltd (TSE:IPL) have earned an average rating of “Buy” from the ten research firms that are presently covering the firm, AnalystRatingsNetwork.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$30.72.

Several analysts recently weighed in on the company. National Bank Financial reduced their price objective on Inter Pipeline from C$33.00 to C$28.00 in a research note on Monday, January 25th. Raymond James reduced their price objective on Inter Pipeline from C$27.00 to C$25.00 in a research note on Tuesday, January 12th. RBC Capital reduced their price objective on Inter Pipeline from C$33.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Monday, November 9th. Finally, Canaccord Genuity reduced their price objective on Inter Pipeline to C$28.50 and set a “buy” rating on the stock in a research note on Friday, October 23rd.

In other news, insider Christian Bayle purchased 14,982 shares of the business’s stock in a transaction dated Wednesday, December 9th. The shares were purchased at an average cost of C$20.48 per share, with a total value of C$306,900.28. Also, insider Stephen James Arsenych purchased 1,100 shares of the business’s stock in a transaction dated Friday, November 20th. The shares were purchased at an average cost of C$23.93 per share, for a total transaction of C$26,323.00.

Inter Pipeline (TSE:IPL) opened at 22.70 on Friday. The firm has a market capitalization of $7.63 billion and a price-to-earnings ratio of 20.43. The company has a 50 day moving average price of $21.37 and a 200 day moving average price of $24.52. Inter Pipeline has a 12 month low of $18.43 and a 12 month high of $35.25.

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 16th. Stockholders of record on Tuesday, February 16th will be paid a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.87%. This is an increase from Inter Pipeline’s previous monthly dividend of $0.11. The ex-dividend date is Wednesday, January 20th.

Inter Pipeline Ltd. (TSE:IPL) owns and operates energy infrastructure assets located in western Canada and Europe. Inter Pipeline operates in four segments: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business. The oil sands transportation business consists of the Corridor, Cold Lake and Polaris pipeline systems, which transport petroleum products and diluent and provide related blending and handling services. The conventional oil pipelines business involves the transportation, storage and processing of hydrocarbons, as well as midstream marketing blending and handling services. The NGL extraction business consists of processing natural gas to extract NGLs, including ethane and a mixture of propane, butane and pentanes plus. The bulk liquid storage business was rebranded Inter Terminal, which involves the primary storage and handling of bulk liquid products.

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