International Petroleum (TSE:IPCO) Price Target Raised to C$26.00

International Petroleum (TSE:IPCO) had its price objective raised by Scotiabank from C$24.00 to C$26.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

International Petroleum Trading Down 3.4%

Shares of IPCO stock opened at C$25.79 on Tuesday. International Petroleum has a 52-week low of C$16.32 and a 52-week high of C$28.89. The company has a 50-day simple moving average of C$25.63 and a two-hundred day simple moving average of C$24.30. 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 company has a market capitalization of C$2.89 billion, a price-to-earnings ratio of 88.93 and a beta of 0.53.

International Petroleum (TSE:IPCO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.03 earnings per share for the quarter. The business had revenue of C$239.91 million for the quarter. International Petroleum had a return on equity of 10.18% and a net margin of 11.23%. Research analysts anticipate that International Petroleum will post 0.1677866 EPS for the current fiscal year.

Insider Activity at International Petroleum

In related news, Director William A.W. Lundin acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were bought at an average cost of C$24.26 per share, for a total transaction of C$485,200.00. Following the purchase, the director owned 822,202 shares in the company, valued at C$19,946,620.52. This trade represents a 2.49% increase in their position. 35.60% of the stock is owned by insiders.

About International Petroleum

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. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.