Inter Pipeline Ltd. leads composite energy stocks
Published by Anna Nicklin,
Assistant Editor
World Pipelines,
Inter Pipeline Ltd. (IPL) was one of the best stocks in energy sector of the S&P/TSX Composite Index on 11 January. It rose 1.24%, closing the day at CAN$29.31 after closing the day prior at CAN$28.95.
Throughout the day, shares of IPL traded at between CAN$29.40 and CAN$28.97. Today's advance came with about 584 909 shares changing hands, compared to an average 30 day volume of 947 878 for IPL.
Thus, the price is currently below the 30 day volume weighted average price of CAN$29.22 for IPL. The share appreciation gives the company a market capitalisation of CAN$10.62 billion based on 366.9 million shares outstanding. It also means that IPL has a price-to-book ratio of 3.31:1 and a price-to-earnings ratio of 21.9:1.
In the last 52 weeks, shares of IPL have traded as low as CAN$18.43 and as high as CAN$30.07. Technical traders will take note that at CAN$29.31, shares of IPL are trading above their 200 day MA at CAN$26.85.
Inter Pipeline Ltd is a petroleum transportation, storage and natural gas liquids extraction company based in Calgary (Canada). The company owns and operates a diversified combination of energy infrastructure assets in western Canada and Europe.
Read the article online at: https://www.worldpipelines.com/business-news/12012017/inter-pipeline-ltd-leads-composite-energy-stocks/
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