International Petroleum (TSE:IPCO) Sets New 12-Month High – Still a Buy?

International Petroleum Co. (TSE:IPCO)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$34.17 and last traded at C$34.09, with a volume of 32464 shares traded. The stock had previously closed at C$33.75.

Analysts Set New Price Targets

Several research firms recently issued reports on IPCO. Scotiabank upped their target price on International Petroleum from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada boosted their price target on International Petroleum from C$25.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, International Petroleum has a consensus rating of “Hold” and a consensus price target of C$26.50.

International Petroleum Trading Up 2.2%

The stock has a market cap of C$3.87 billion, a PE ratio of 137.96 and a beta of 0.73. The company’s fifty day moving average is C$28.51 and its 200-day moving average is C$25.92. The company has a debt-to-equity ratio of 52.52, a current ratio of 0.81 and a quick ratio of 3.93.

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

Insider Activity at International Petroleum

In related news, Director William A.W. Lundin bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average cost of C$24.26 per share, with a total value of C$485,200.00. Following the completion of the acquisition, the director directly owned 822,202 shares in the company, valued at approximately C$19,946,620.52. The trade was a 2.49% increase in their ownership of the stock. 35.60% of the stock is owned by 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.