International Petroleum (TSE:IPCO - Get Free Report) had its price target increased by investment analysts at Scotiabank from C$20.00 to C$23.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Scotiabank's price target would suggest a potential downside of 1.63% from the stock's current price.
International Petroleum Price Performance
IPCO stock traded down C$0.80 during trading on Friday, reaching C$23.38. 222,084 shares of the company were exchanged, compared to its average volume of 105,771. The company has a market capitalization of C$1.97 billion, a price-to-earnings ratio of 19.79 and a beta of 2.38. 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 company has a 50-day moving average of C$20.07 and a two-hundred day moving average of C$19.20. International Petroleum has a twelve month low of C$14.42 and a twelve month high of C$24.18.
About International Petroleum
(
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International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is based in Vancouver, Canada.
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