International Petroleum (TSE:IPCO) Price Target Raised to C$27.00 at Royal Bank Of Canada

International Petroleum (TSE:IPCO) had its price target lifted by Royal Bank Of Canada from C$25.00 to C$27.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, Scotiabank raised their price target on International Petroleum from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$26.50.

International Petroleum Price Performance

IPCO stock opened at C$30.59 on Wednesday. The firm has a 50 day moving average of C$26.24 and a 200-day moving average of C$24.93. The company has a market cap of C$3.43 billion, a price-to-earnings ratio of 105.48 and a beta of 0.83. The company has a current ratio of 1.92, a quick ratio of 3.93 and a debt-to-equity ratio of 47.72. International Petroleum has a 12-month low of C$16.32 and a 12-month high of C$30.80.

International Petroleum (TSE:IPCO) last released its quarterly earnings data on Tuesday, February 10th. The company reported C($0.05) earnings per share for the quarter. The firm had revenue of C$231.73 million during the quarter. International Petroleum had a net margin of 11.23% and a return on equity of 10.18%. As a group, equities analysts expect that International Petroleum will post 0.1677866 EPS for the current fiscal year.

Insider Buying and Selling at International Petroleum

In related news, Director William A.W. Lundin bought 20,000 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was purchased at an average cost of C$24.26 per share, for a total transaction of C$485,200.00. Following the completion of the acquisition, 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 ownership of the stock. 35.60% of the stock is currently 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.