International Petroleum (TSE:IPCO) Reaches New 52-Week High at $19.85

Shares of International Petroleum Co. (TSE:IPCO) reached a new 52-week high on Wednesday . The company traded as high as C$19.85 and last traded at C$19.85, with a volume of 20391 shares traded. The stock had previously closed at C$19.30.

Analyst Ratings Changes

Several research analysts have recently issued reports on IPCO shares. ATB Capital increased their target price on International Petroleum from C$16.50 to C$19.00 in a research report on Monday, April 22nd. Scotiabank increased their price objective on International Petroleum from C$20.00 to C$21.00 in a report on Friday.

International Petroleum Stock Up 2.1 %

The stock’s 50 day simple moving average is C$18.36 and its two-hundred day simple moving average is C$16.64. The firm has a market cap of C$2.49 billion, a P/E ratio of 11.72 and a beta of 2.50. The company has a debt-to-equity ratio of 44.41, a current ratio of 2.94 and a quick ratio of 3.93.

About International Petroleum

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is based in Vancouver, Canada.