International Petroleum (TSE:IPCO) Trading Up 1.5%

International Petroleum Co. (TSE:IPCO)’s stock price shot up 1.5% during trading on Thursday . The company traded as high as C$16.95 and last traded at C$16.79. 61,813 shares were traded during trading, a decline of 2% from the average session volume of 62,780 shares. The stock had previously closed at C$16.55.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. BMO Capital Markets set a C$22.00 price objective on shares of International Petroleum and gave the stock a “market perform” rating in a research note on Thursday, August 22nd. Scotiabank boosted their price target on International Petroleum from C$20.00 to C$21.00 in a research note on Friday, July 12th. Finally, ATB Capital raised their price objective on International Petroleum from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st.

International Petroleum Price Performance

The firm has a market capitalization of C$2.05 billion, a P/E ratio of 9.06 and a beta of 2.43. The company has a quick ratio of 3.93, a current ratio of 2.97 and a debt-to-equity ratio of 43.56. The business’s 50 day moving average is C$19.15 and its 200-day moving average is C$17.89.

International Petroleum Company Profile

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.