International Petroleum Co. (OTCMKTS:IPCFF – Get Free Report) traded up 4.3% during mid-day trading on Tuesday . The company traded as high as $26.04 and last traded at $25.90. Approximately 6,964 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 21,787 shares. The stock had previously closed at $24.83.
Analysts Set New Price Targets
Separately, Scotiabank upgraded shares of International Petroleum from a “sector perform” rating to an “outperform” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.
Read Our Latest Report on IPCFF
International Petroleum Price Performance
About International Petroleum
International Petroleum Corporation (OTCMKTS: IPCFF) is an independent upstream oil and gas company focused on acquiring, exploring, developing and producing hydrocarbon assets in Southeast Asia and Europe. Headquartered in Singapore, the company builds value through selective exploration and development projects that leverage its operational expertise and strategic partnerships.
The company’s core producing assets are located offshore in the Gulf of Thailand, where it holds interests in the S1 and S2 concessions.
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