International Petroleum (TSE:IPCO) Given a C$45.00 Price Target by National Bank Financial Analysts

Key Points

• National Bank Financial set a C$45.00 price target on International Petroleum with a "sector perform" rating, implying roughly an 18.76% upside from the current share price.
• Analyst views are mixed: the consensus is a "Hold" (one Buy, three Holds) with an average target of C$35.25, while BMO recently upgraded the stock to "Outperform" with a C$43.00 target.
• The stock traded at C$37.89 (market cap C$4.25B); recent quarterly results showed a C($0.05) EPS on C$231.7M revenue and a high P/E of 151.56, suggesting a stretched valuation despite low margins.

International Petroleum (TSE:IPCO - Get Free Report) has been assigned a C$45.00 price target by stock analysts at National Bank Financial in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bank Financial's price target indicates a potential upside of 18.76% from the stock's current price.

Other research analysts also recently issued reports about the stock. Scotiabank lifted their price target on shares of International Petroleum from C$24.00 to C$26.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 20th. Royal Bank Of Canada lifted their price target on shares of International Petroleum from C$25.00 to C$27.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 11th. Finally, BMO Capital Markets raised shares of International Petroleum from a "market perform" rating to an "outperform" rating and set a C$43.00 price target on the stock in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$35.25.

International Petroleum Stock Performance

IPCO remained flat at C$37.89 on Monday. 68,063 shares of the company were exchanged, compared to its average volume of 205,553. The business has a 50-day moving average of C$35.24 and a 200 day moving average of C$29.08. The stock has a market capitalization of C$4.25 billion, a P/E ratio of 151.56 and a beta of 0.35. The company has a debt-to-equity ratio of 52.52, a quick ratio of 3.93 and a current ratio of 0.81. International Petroleum has a 1-year low of C$17.87 and a 1-year high of C$39.08.

International Petroleum (TSE:IPCO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C($0.05) EPS for the quarter. The business had revenue of C$231.73 million for the quarter. International Petroleum had a net margin of 3.90% and a return on equity of 3.12%. As a group, equities research analysts predict that International Petroleum will post 0.1677866 EPS for the current fiscal year.

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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