Inter Pipeline Ltd (TSE:IPL) insider James Joseph Madro acquired 3,350 shares of the stock in a transaction that occurred on Thursday, March 22nd. The stock was acquired at an average price of C$22.14 per share, for a total transaction of C$74,169.00.

Shares of Inter Pipeline stock traded down C$0.33 during mid-day trading on Thursday, hitting C$22.00. The company had a trading volume of 858,758 shares, compared to its average volume of 1,077,566. Inter Pipeline Ltd has a one year low of C$21.62 and a one year high of C$28.89. The stock has a market capitalization of $8,730.00, a P/E ratio of 15.67 and a beta of 0.32.

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The company also recently declared a monthly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 22nd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $1.68 dividend on an annualized basis and a yield of 7.64%. Inter Pipeline’s payout ratio is 115.60%.

A number of equities research analysts recently issued reports on the company. Scotiabank lowered their price objective on Inter Pipeline from C$28.00 to C$27.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 20th. TD Securities lowered their price objective on Inter Pipeline from C$35.00 to C$31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 20th. CIBC increased their price objective on Inter Pipeline from C$30.00 to C$32.00 in a research report on Tuesday, December 19th. BMO Capital Markets lowered their price objective on Inter Pipeline from C$28.00 to C$25.00 in a research report on Tuesday, February 6th. Finally, Canaccord Genuity lowered their price objective on Inter Pipeline from C$30.00 to C$28.00 in a research report on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Inter Pipeline currently has a consensus rating of “Buy” and a consensus target price of C$29.06.

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Inter Pipeline Company Profile

Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe.

Insider Buying and Selling by Quarter for Inter Pipeline (TSE:IPL)

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