International Petroleum (OTCMKTS:IPCFF) Earns Hold Rating from Analysts at TD Cowen

TD Cowen assumed coverage on shares of International Petroleum (OTCMKTS:IPCFF) in a report published on Friday, MarketBeat.com reports. The brokerage issued a hold rating on the stock.

Separately, Scotiabank raised shares of International Petroleum from a “sector perform” rating to an “outperform” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

International Petroleum Stock Performance

OTCMKTS:IPCFF opened at $25.89 on Friday. The firm’s fifty day simple moving average is $23.59 and its 200 day simple moving average is $24.79. International Petroleum has a twelve month low of $14.91 and a twelve month high of $32.46.

International Petroleum Company Profile

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.