International Petroleum (TSE:IPCO - Get Free Report) had its target price boosted by analysts at Scotiabank from C$23.00 to C$24.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price target indicates a potential upside of 1.35% from the stock's current price.
Separately, Royal Bank Of Canada set a C$26.00 target price on International Petroleum and gave the stock a "sector perform" rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, International Petroleum has a consensus rating of "Hold" and an average price target of C$23.00.
Check Out Our Latest Analysis on International Petroleum
International Petroleum Price Performance
Shares of TSE IPCO traded down C$0.46 during midday trading on Thursday, reaching C$23.68. 32,366 shares of the company traded hands, compared to its average volume of 100,056. The firm has a market cap of C$2.64 billion, a PE ratio of 53.82 and a beta of 0.69. The stock's 50-day simple moving average is C$24.26 and its 200-day simple moving average is C$21.92. International Petroleum has a 12 month low of C$14.42 and a 12 month high of C$25.93. The company has a debt-to-equity ratio of 47.72, a quick ratio of 3.93 and a current ratio of 1.92.
Insider Activity
In other International Petroleum news, insider International Petroleum Corporation bought 60,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average price of C$22.13 per share, with a total value of C$1,327,800.00. 35.60% of the stock is owned by company insiders.
About International Petroleum
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider International Petroleum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Petroleum wasn't on the list.
While International Petroleum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
