International Petroleum (TSE:IPCO) Stock Price Down 0.4% - Should You Sell?

Shares of International Petroleum Co. (TSE:IPCO - Get Free Report) dropped 0.4% during trading on Thursday . The company traded as low as C$21.69 and last traded at C$21.92. Approximately 50,403 shares changed hands during trading, a decline of 52% from the average daily volume of 103,980 shares. The stock had previously closed at C$22.00.

Analysts Set New Price Targets

Separately, Scotiabank lifted their target price on shares of International Petroleum from C$20.00 to C$23.00 and gave the stock a "sector perform" rating in a research note on Friday, June 20th.

International Petroleum Stock Performance

The firm's fifty day moving average price is C$20.93 and its 200 day moving average price is C$19.88. The company has a current ratio of 1.92, a quick ratio of 3.93 and a debt-to-equity ratio of 47.72. The stock has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 18.85 and a beta of 2.38.

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.