International Petroleum (TSE:IPCO) Director William A.W. Lundin Acquires 33,000 Shares

Key Points

• Director William A.W. Lundin purchased 33,000 International Petroleum shares at an average C$30.69 each, investing approximately C$1.01 million and increasing his direct ownership by 5.58% to 624,012 shares.
• International Petroleum’s shares rose 5.1% to C$30.97, while the company reported quarterly revenue of C$263.89 million and EPS of C$0.13.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of C$38.25, supported by two Buy ratings and two Hold ratings.

International Petroleum Co. (TSE:IPCO - Get Free Report) Director William A.W. Lundin acquired 33,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were bought at an average price of C$30.69 per share, with a total value of C$1,012,770.00. Following the completion of the purchase, the director directly owned 624,012 shares in the company, valued at C$19,150,928.28. The trade was a 5.58% increase in their ownership of the stock.

International Petroleum Stock Up 5.1%

Shares of TSE:IPCO traded up C$1.49 during trading on Thursday, reaching C$30.97. The stock had a trading volume of 336,953 shares, compared to its average volume of 176,095. International Petroleum Co. has a one year low of C$20.74 and a one year high of C$39.47. The firm's 50-day simple moving average is C$32.28 and its 200 day simple moving average is C$33.22. The company has a current ratio of 0.79, a quick ratio of 3.93 and a debt-to-equity ratio of 58.61. The company has a market capitalization of C$3.49 billion, a P/E ratio of 140.77 and a beta of 0.09.

International Petroleum (TSE:IPCO - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$0.13 earnings per share (EPS) for the quarter. International Petroleum had a net margin of 3.51% and a return on equity of 2.73%. The business had revenue of C$263.89 million for the quarter. As a group, research analysts expect that International Petroleum Co. will post 0.1677866 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. National Bank Financial set a C$45.00 price objective on International Petroleum and gave the company a "sector perform" rating in a report on Monday, May 4th. Scotiabank set a C$38.00 price objective on shares of International Petroleum and gave the company a "sector outperform" rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$38.25.

International Petroleum Company Profile

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. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.

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