Inter Pipeline (OTCMKTS:IPPLF) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Thursday, The Fly reports.
A number of other equities research analysts have also commented on IPPLF. Royal Bank of Canada increased their price objective on shares of Inter Pipeline from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Monday, February 22nd. Credit Suisse Group raised Inter Pipeline from an “underperform” rating to a “neutral” rating in a report on Thursday, February 11th. Tudor Pickering reaffirmed a “hold” rating and issued a $18.00 target price on shares of Inter Pipeline in a research note on Friday, March 12th. Scotiabank increased their price objective on shares of Inter Pipeline from $17.00 to $17.50 and gave the company a “sector perform” rating in a report on Monday, February 22nd. Finally, CIBC lowered shares of Inter Pipeline from an “outperform” rating to a “neutral” rating in a report on Monday, February 22nd. Thirteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Inter Pipeline presently has an average rating of “Hold” and a consensus price target of $15.68.
OTCMKTS:IPPLF traded up $0.03 during trading hours on Thursday, reaching $14.24. The company had a trading volume of 12,262 shares, compared to its average volume of 8,953. Inter Pipeline has a one year low of $7.18 and a one year high of $14.90. The stock has a 50-day moving average of $14.39 and a two-hundred day moving average of $11.43.
Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids (NGL) processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; NGL Processing; and Bulk Liquid Storage. The Oil Sands Transportation segment transports petroleum products through Cold Lake, Corridor, and Polaris pipeline systems covering approximately 3,300 kilometers of pipeline and 3.8 million barrels of storage capacity; and related blending and handling services.
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