International Petroleum (TSE:IPCO) Stock Price Up 0.2% – What’s Next?

Shares of International Petroleum Co. (TSE:IPCO) rose 0.2% during mid-day trading on Friday . The stock traded as high as C$16.03 and last traded at C$15.87. Approximately 28,191 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 68,565 shares. The stock had previously closed at C$15.84.

Analyst Upgrades and Downgrades

A number of analysts recently commented on IPCO shares. ATB Capital upgraded International Petroleum from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$21.00 to C$22.00 in a report on Wednesday, October 16th. BMO Capital Markets cut their price target on shares of International Petroleum from C$22.00 to C$20.00 in a report on Friday, October 4th.

International Petroleum Trading Up 0.2 %

The firm has a 50 day moving average of C$16.21 and a 200 day moving average of C$17.84. The firm has a market cap of C$1.91 billion, a PE ratio of 8.35 and a beta of 2.38. The company has a quick ratio of 3.93, a current ratio of 2.97 and a debt-to-equity ratio of 43.56.

Insider Buying and Selling at International Petroleum

In other International Petroleum news, Senior Officer Curtis White acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average cost of C$15.24 per share, with a total value of C$30,480.00. Corporate insiders own 35.60% of the company’s stock.

International Petroleum Company Profile

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is based in Vancouver, Canada.