International Petroleum (TSE:IPCO) Given a C$45.00 Price Target by National Bank Financial Analysts

International Petroleum (TSE:IPCO) received a C$45.00 price target from analysts at National Bank Financial in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 18.76% from the company’s previous close.

Several other research firms have also recently weighed in on IPCO. Royal Bank Of Canada lifted their price target on shares of International Petroleum from C$25.00 to C$27.00 and gave the company a “sector perform” rating in a report on Wednesday, February 11th. Scotiabank lifted their price target on shares of International Petroleum from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Finally, BMO Capital Markets upgraded shares of International Petroleum from a “market perform” rating to an “outperform” rating and set a C$43.00 price target on the stock in a report on Tuesday, April 7th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, International Petroleum presently has an average rating of “Hold” and an average price target of C$35.25.

International Petroleum Price Performance

Shares of International Petroleum stock remained flat at C$37.89 on Monday. 68,063 shares of the stock traded hands, compared to its average volume of 205,553. The company has a debt-to-equity ratio of 52.52, a quick ratio of 3.93 and a current ratio of 0.81. International Petroleum has a 1 year low of C$17.87 and a 1 year high of C$39.08. The firm has a market cap of C$4.25 billion, a PE ratio of 151.56 and a beta of 0.35. The firm has a 50 day moving average of C$35.24 and a 200-day moving average of C$29.08.

International Petroleum (TSE:IPCO) last issued its earnings results on Tuesday, February 10th. The company reported C($0.05) earnings per share (EPS) for the quarter. The firm had revenue of C$231.73 million during the quarter. International Petroleum had a return on equity of 3.12% and a net margin of 3.90%. As a group, equities analysts predict that International Petroleum will post 0.1677866 EPS for the current fiscal 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.