International Petroleum (TSE:IPCO) Stock Price Up 0.3%

International Petroleum Co. (TSE:IPCO)’s share price shot up 0.3% during mid-day trading on Wednesday . The company traded as high as C$19.37 and last traded at C$19.12. 26,437 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 62,474 shares. The stock had previously closed at C$19.07.

Analyst Ratings Changes

A number of equities analysts have weighed in on IPCO shares. Scotiabank increased their target price on shares of International Petroleum from C$20.00 to C$21.00 in a research report on Friday, July 12th. ATB Capital raised their price objective on shares of International Petroleum from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st.

International Petroleum Price Performance

The firm has a market capitalization of C$2.33 billion, a P/E ratio of 10.06 and a beta of 2.44. The company has a quick ratio of 3.93, a current ratio of 2.97 and a debt-to-equity ratio of 43.56. The business’s 50-day simple moving average is C$19.08 and its 200 day simple moving average is C$17.49.

International Petroleum Company Profile

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.