Analyst Price Target is C$19.73
▼ -1.09% Downside Potential
This price target is based on 9 analysts offering 12 month price targets for Inter Pipeline in the last 3 months. The average price target is C$19.73, with a high forecast of C$20.00 and a low forecast of C$18.00. The average price target represents a -1.09% upside from the last price of C$19.95.
Current Consensus is
The current consensus among 9 polled investment analysts is to hold stock in Inter Pipeline. This rating has held steady since January 2020, when it changed from a Buy consensus rating.
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. The Conventional Oil Pipelines segment is involved in the transportation of crude oil through Bow River, Central Alberta, and Mid-Saskatchewan pipeline systems covering approximately 3,900 kilometers of pipeline and 1,635,000 barrels of storage capacity; and related blending, handling, and marketing activities. The NGL Processing segment processes pipeline natural gas to extract NGL, including ethane, propane, butane, and pentanes-plus; and fractionates NGL stream to produce ethane products and propane plus. These NGLs are used as energy products; and as a feedstock for the petrochemical and crude oil refining industries. The Bulk Liquid Storage segment engages in the storage and handling of bulk liquid products. This segment operates 8 bulk liquid storage terminals and approximately 19 million barrels of storage capacity. Inter Pipeline Ltd. was founded in 1997 and is headquartered in Calgary, Canada.