International Petroleum (TSE:IPCO) Price Target Raised to C$20.00

International Petroleum (TSE:IPCO) had its target price lifted by BMO Capital Markets from C$18.00 to C$20.00 in a research report report published on Tuesday,BayStreet.CA reports.

Separately, ATB Capital raised International Petroleum from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$21.00 to C$22.00 in a research note on Wednesday, October 16th.

International Petroleum Trading Down 0.7 %

Shares of TSE:IPCO opened at C$18.79 on Tuesday. The company has a 50 day moving average of C$16.06 and a 200-day moving average of C$17.43. The company has a current ratio of 2.97, a quick ratio of 3.93 and a debt-to-equity ratio of 43.56. The firm has a market cap of C$2.26 billion, a P/E ratio of 9.89 and a beta of 2.38. International Petroleum has a twelve month low of C$13.36 and a twelve month high of C$20.59.

Insider Activity

In related news, Director William A.W. Lundin purchased 6,250 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of C$15.39 per share, with a total value of C$96,187.50. Also, Senior Officer Curtis White bought 2,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of C$15.24 per share, for a total transaction of C$30,480.00. Corporate insiders own 35.60% of the company’s stock.

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.