International Petroleum (IPCFF) Expected to Release Quarterly Earnings on Tuesday

International Petroleum (OTCMKTS:IPCFF) is anticipated to post its results before the market opens on Tuesday, November 3rd. Analysts expect International Petroleum to announce earnings of $0.1875 per share and revenue of $218.98 million for the quarter.

International Petroleum Stock Performance

OTCMKTS IPCFF opened at $29.15 on Tuesday. The business has a fifty day moving average price of $25.72 and a two-hundred day moving average price of $24.15. International Petroleum has a fifty-two week low of $15.30 and a fifty-two week high of $32.46.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Scotiabank reiterated an “outperform” rating on shares of International Petroleum in a research note on Monday, October 19th. TD Cowen initiated coverage on International Petroleum in a research report on Friday, September 11th. They set a “hold” rating for the company. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, International Petroleum currently has a consensus rating of “Hold”.

About International Petroleum

International Petroleum Corporation (IPC) is an international oil and gas exploration and production company focused on the acquisition, development and operation of upstream petroleum assets. Its activities include crude oil and natural gas production, field development, exploration and the management of interests in producing and non-producing properties.

IPC has held operations and interests in Canada, France and Malaysia. Its Canadian portfolio has included heavy-oil and conventional oil assets, while its French operations have focused on oil production in the Paris Basin and Aquitaine regions.