International Petroleum Co. (TSE:IPCO - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$24.32 and last traded at C$24.28, with a volume of 12965 shares traded. The stock had previously closed at C$23.49.
Wall Street Analyst Weigh In
Separately, Scotiabank boosted their target price on shares of International Petroleum from C$20.00 to C$23.00 and gave the company a "sector perform" rating in a research note on Friday, June 20th.
Get Our Latest Research Report on International Petroleum
International Petroleum Stock Performance
The company has a debt-to-equity ratio of 47.72, a current ratio of 1.92 and a quick ratio of 3.93. The stock has a 50-day simple moving average of C$22.75 and a 200-day simple moving average of C$20.72. The stock has a market cap of C$2.06 billion, a P/E ratio of 20.70 and a beta of 2.38.
Insider Transactions at International Petroleum
In related news, insider International Petroleum Corporation purchased 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, for a total transaction of C$1,327,800.00. Company insiders own 35.60% of the company's stock.
International Petroleum Company Profile
(
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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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