Canaccord Genuity analyst Dennis Fong maintained a Buy rating on Inter Pipeline (OTC:IPPLF) Ltd. on Tuesday, setting a price target of C$15, which is approximately 64.47% above the present share price of $9.12.
Fong expects Inter Pipeline Ltd . to post earnings per share (EPS) of $0.00 for the second quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Hold rating of shares in Inter Pipeline, with an average price target of $9.29.
The analysts price targets range from a high of $15.3 to a low of $6.56.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $603.8 million and a net profit of $177.1 million. The company's market cap is $3.98 billion.
According to TipRanks.com, Canaccord Genuity analyst Dennis Fong is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.6% and a 41.77% success rate.
Inter Pipeline Ltd. is a midstream oil and natural gas company, which engages in the provision of oil transportation, natural gas liquid processing, and bulk liquid storage services. It operates through the following segments: Oil Sands Transportation, Conventional Oil Pipelines, Natural Gas Liquids (NGL) Processing, Bulk Liquid Storage, and Corporate. The Oil Sands Transportation segment consists of the Cold Lake, Corridor, and Polaris (NYSE:PII) pipeline systems that transport petroleum products and provide related blending and handling services in Alberta. The Conventional Oil Pipelines segment primarily implicates the transportation, storage, and processing of hydrocarbons, as well as midstream marketing blending and handling services. The NGL Processing segment comprises of processing natural gas to extract NGLs including ethane and a mixture of propane, butane and pentanes plus. The Bulk Liquid Storage segment involves the primary storage and handling of bulk liquid products through the operation of sixteen bulk liquid storage terminals. The Corporate segment consists of general and administrative costs. The company was founded on October 9, 1997 and is headquartered in Calgary, Canada.