International Petroleum (TSE:IPCO) Trading Down 2.3% - Should You Sell?

Key Points

• Shares of International Petroleum Co. (TSE:IPCO) fell by 2.3% during trading, closing at C$23.10 on Thursday.
• Scotiabank raised its price target for International Petroleum from C$20.00 to C$23.00 while maintaining a "sector perform" rating.
• The company has a market capitalization of C$1.94 billion and exhibits a PE ratio of 19.55 with a beta of 2.38.

International Petroleum Co. (TSE:IPCO - Get Free Report) shares traded down 2.3% on Thursday . The stock traded as low as C$23.06 and last traded at C$23.10. 77,076 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 100,681 shares. The stock had previously closed at C$23.64.

Wall Street Analysts Forecast Growth

Separately, Scotiabank increased 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.

International Petroleum Trading Down 1.2%

The firm has a fifty day moving average of C$22.02 and a 200-day moving average of C$20.39. The company has a debt-to-equity ratio of 47.72, a quick ratio of 3.93 and a current ratio of 1.92. The stock has a market capitalization of C$1.92 billion, a price-to-earnings ratio of 19.32 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.