International Petroleum (TSE:IPCO) Upgraded at National Bank Financial

National Bank Financial upgraded shares of International Petroleum (TSE:IPCO) from a sector perform rating to an outperform rating in a research report report published on Wednesday morning,BayStreet reports. The firm currently has C$50.00 price objective on the stock.

IPCO has been the subject of a number of other reports. Scotiabank set a C$38.00 price objective on International Petroleum and gave the stock a “sector outperform” rating in a research report on Friday, July 17th. TD set a C$38.00 target price on shares of International Petroleum and gave the company a “hold” rating in a research report on Friday, September 11th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$39.20.

International Petroleum Trading Up 2.4%

TSE:IPCO traded up C$0.82 during trading hours on Wednesday, hitting C$35.45. The company had a trading volume of 303,356 shares, compared to its average volume of 167,272. The company has a current ratio of 1.09, a quick ratio of 3.93 and a debt-to-equity ratio of 52.00. International Petroleum has a 1 year low of C$23.26 and a 1 year high of C$40.93. The company has a 50-day moving average of C$36.54 and a 200 day moving average of C$34.20. The company has a market cap of C$3.95 billion, a P/E ratio of 51.38 and a beta of 0.40.

International Petroleum (TSE:IPCO) last issued its earnings results on Tuesday, November 3rd. The company reported C$0.74 EPS for the quarter. International Petroleum had a net margin of 9.70% and a return on equity of 8.50%. The company had revenue of C$301.74 million for the quarter. Sell-side analysts expect that International Petroleum will post 0.17 earnings per share for the current year.

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.