International Petroleum Co. (TSE:IPCO) Director William A.W. Lundin Buys 6,250 Shares

International Petroleum Co. (TSE:IPCO) Director William A.W. Lundin purchased 6,250 shares of International Petroleum stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of C$15.39 per share, for a total transaction of C$96,187.50.

International Petroleum Trading Up 2.1 %

Shares of TSE IPCO opened at C$16.14 on Thursday. International Petroleum Co. has a 1-year low of C$13.36 and a 1-year high of C$20.59. The company has a 50-day moving average of C$15.58 and a two-hundred day moving average of C$17.48. The company has a market cap of C$1.94 billion, a PE ratio of 8.49 and a beta of 2.38. The company has a current ratio of 2.97, a quick ratio of 3.93 and a debt-to-equity ratio of 43.56.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. ATB Capital raised International Petroleum from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$21.00 to C$22.00 in a report on Wednesday, October 16th. BMO Capital Markets reduced their price objective on International Petroleum from C$22.00 to C$20.00 in a research note on Friday, October 4th.

About International Petroleum

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.