International Petroleum Co. (TSE:IPCO - Get Free Report)'s stock price shot up 1.2% during mid-day trading on Tuesday . The stock traded as high as C$24.55 and last traded at C$24.26. 93,500 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 102,742 shares. The stock had previously closed at C$23.97.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on IPCO. Scotiabank upped their price objective on International Petroleum from C$20.00 to C$23.00 and gave the company a "sector perform" rating in a research report on Friday, June 20th. 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 analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, International Petroleum has a consensus rating of "Hold" and an average target price of C$22.75.
Check Out Our Latest Analysis on IPCO
International Petroleum Trading Up 1.2%
The business has a fifty day moving average price of C$24.06 and a 200 day moving average price of C$21.68. The company has a market capitalization of C$2.72 billion, a PE ratio of 55.14 and a beta of 0.99. 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 at International Petroleum
In other news, insider International Petroleum Corporation acquired 60,000 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of C$22.13 per share, for a total transaction of C$1,327,800.00. 35.60% of the stock is currently owned by company insiders.
About International Petroleum
(
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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.
Further Reading
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