International Petroleum Co. (TSE:IPCO) Insider Buys C$1,327,800.00 in Stock

Key Points

• International Petroleum Co. insider bought 60,000 shares worth C$1,327,800 at C$22.13 per share on July 31st.
• Scotiabank upgraded the target price for International Petroleum from C$20.00 to C$23.00, maintaining a "sector perform" rating.
• IPCO's stock experienced a slight decline of 1.2%, trading at C$22.83, with a market cap of C$1.92 billion.

International Petroleum Co. (TSE:IPCO - Get Free Report) insider International Petroleum Corporation bought 60,000 shares of the company's stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of C$22.13 per share, with a total value of C$1,327,800.00.

International Petroleum Trading Down 1.2%

Shares of IPCO stock traded down C$0.27 on Monday, hitting C$22.83. The company had a trading volume of 67,365 shares, compared to its average volume of 100,456. The firm has a market cap of C$1.92 billion, a P/E ratio of 19.32 and a beta of 2.38. The stock's 50-day moving average is C$22.02 and its two-hundred day moving average is C$20.41. The company has a debt-to-equity ratio of 47.72, a quick ratio of 3.93 and a current ratio of 1.92. International Petroleum Co. has a twelve month low of C$14.42 and a twelve month high of C$24.32.

Analyst Upgrades and Downgrades

Separately, Scotiabank increased their target price on International Petroleum from C$20.00 to C$23.00 and gave the company a "sector perform" rating in a research report on Friday, June 20th.

About International Petroleum

International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia and France.

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