William A.W. Lundin Acquires 33,000 Shares of International Petroleum (TSE:IPCO) Stock

International Petroleum Co. (TSE:IPCO) Director William A.W. Lundin acquired 33,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was bought at an average price of C$30.69 per share, for a total transaction of C$1,012,770.00. Following the transaction, the director owned 624,012 shares in the company, valued at approximately C$19,150,928.28. This represents a 5.58% increase in their position.

International Petroleum Price Performance

TSE:IPCO opened at C$30.58 on Friday. The company has a debt-to-equity ratio of 58.61, a current ratio of 0.79 and a quick ratio of 3.93. The firm has a market cap of C$3.45 billion, a price-to-earnings ratio of 160.95 and a beta of 0.09. The company has a 50 day moving average price of C$32.10 and a 200-day moving average price of C$33.24. International Petroleum Co. has a 1-year low of C$20.74 and a 1-year high of C$39.47.

International Petroleum (TSE:IPCO) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.13 earnings per share (EPS) for the quarter. The firm had revenue of C$263.89 million for the quarter. International Petroleum had a net margin of 3.51% and a return on equity of 2.73%. Equities research analysts forecast that International Petroleum Co. will post 0.1677866 EPS for the current year.

Analysts Set New Price Targets

IPCO has been the subject of several recent analyst reports. National Bank Financial set a C$45.00 price target on International Petroleum and gave the company a “sector perform” rating in a research note on Monday, May 4th. Scotiabank set a C$38.00 price target on International Petroleum and gave the stock a “sector outperform” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and two have given 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 an average target price of C$38.25.

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.