International Petroleum (TSE:IPCO) Reaches New 1-Year High – What’s Next?

International Petroleum Co. (TSE:IPCO) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$29.06 and last traded at C$28.78, with a volume of 56908 shares changing hands. The stock had previously closed at C$27.97.

Wall Street Analyst Weigh In

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

International Petroleum Stock Performance

The stock has a market cap of C$3.26 billion, a price-to-earnings ratio of 100.31 and a beta of 0.53. The company’s 50 day simple moving average is C$25.77 and its 200 day simple moving average is C$24.59. The company has a debt-to-equity ratio of 47.72, a quick ratio of 3.93 and a current ratio of 1.92.

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

Insider Transactions at International Petroleum

In other International Petroleum news, Director William A.W. Lundin bought 20,000 shares of International Petroleum stock in a transaction dated 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 of the company’s stock, valued at approximately 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 company insiders.

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.