TD Cowen Begins Coverage on International Petroleum (OTCMKTS:IPCFF)

Stock analysts at TD Cowen assumed coverage on shares of International Petroleum (OTCMKTS:IPCFF) in a research note issued to investors on Friday, Briefing.com reports. The firm set a “hold” rating on the stock.

Separately, Scotiabank raised International Petroleum from a “sector perform” rating to an “outperform” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

International Petroleum Trading Up 2.3%

Shares of OTCMKTS:IPCFF opened at $26.84 on Friday. International Petroleum has a 1 year low of $14.91 and a 1 year high of $32.46. The business has a fifty day simple moving average of $23.50 and a 200 day simple moving average of $24.76.

International Petroleum Company Profile

International Petroleum Corporation (OTCMKTS: IPCFF) is an independent upstream oil and gas company focused on acquiring, exploring, developing and producing hydrocarbon assets in Southeast Asia and Europe. Headquartered in Singapore, the company builds value through selective exploration and development projects that leverage its operational expertise and strategic partnerships.

The company’s core producing assets are located offshore in the Gulf of Thailand, where it holds interests in the S1 and S2 concessions.