International Petroleum Co. (TSE:IPCO - Get Free Report) dropped 0.4% on Thursday . The company traded as low as C$21.69 and last traded at C$21.92. Approximately 50,403 shares traded 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.
Wall Street Analysts Forecast Growth
Separately, Scotiabank upped their target price on International Petroleum from C$20.00 to C$23.00 and gave the stock a "sector perform" rating in a research report on Friday, June 20th.
Read Our Latest Analysis on International Petroleum
International Petroleum Price Performance
The company's 50-day simple moving average is C$20.87 and its 200 day simple moving average is C$19.78. The company has a market capitalization of C$1.87 billion, a P/E ratio of 18.85 and a beta of 2.38. The company has a quick ratio of 3.93, a current ratio of 1.92 and a debt-to-equity ratio of 47.72.
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.
Further Reading
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