International Petroleum (TSE:IPCO) Sets New 1-Year High – Here’s What Happened

International Petroleum Co. (TSE:IPCO)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$30.48 and last traded at C$30.17, with a volume of 9324 shares changing hands. The stock had previously closed at C$30.04.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised their price objective on shares of International Petroleum from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, International Petroleum presently has a consensus rating of “Hold” and a consensus price target of C$26.00.

International Petroleum Trading Up 1.2%

The company has a quick ratio of 3.93, a current ratio of 1.92 and a debt-to-equity ratio of 47.72. The firm has a market capitalization of C$3.41 billion, a P/E ratio of 104.79 and a beta of 0.83. The firm’s 50-day simple moving average is C$26.06 and its 200-day simple moving average is C$24.79.

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

Insider Buying and Selling at International Petroleum

In other International Petroleum news, Director William A.W. Lundin bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average price of C$24.26 per share, for a total transaction of C$485,200.00. Following the completion of the acquisition, the director directly owned 822,202 shares in the company, valued at C$19,946,620.52. The trade was a 2.49% increase in their ownership of the stock. Corporate insiders own 35.60% of the company’s stock.

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. 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.