International Petroleum (TSE:IPCO) Given New C$20.00 Price Target at BMO Capital Markets

International Petroleum (TSE:IPCO) had its price target upped by analysts at BMO Capital Markets from C$18.00 to C$20.00 in a report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 7.41% from the company’s current price.

Separately, ATB Capital raised International Petroleum from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$21.00 to C$22.00 in a research note on Wednesday, October 16th.

International Petroleum Price Performance

TSE:IPCO traded up C$0.26 during mid-day trading on Tuesday, reaching C$18.62. 58,884 shares of the stock were exchanged, compared to its average volume of 76,792. International Petroleum has a 1-year low of C$13.36 and a 1-year high of C$20.59. The company has a current ratio of 2.97, a quick ratio of 3.93 and a debt-to-equity ratio of 43.56. The business has a fifty day moving average price of C$15.93 and a 200 day moving average price of C$17.42. The firm has a market capitalization of C$2.24 billion, a PE ratio of 9.80 and a beta of 2.38.

Insider Activity

In related news, Senior Officer Curtis White purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of C$15.24 per share, with a total value of C$30,480.00. Also, Director William A.W. Lundin acquired 6,250 shares of International Petroleum stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of C$15.39 per share, for a total transaction of C$96,187.50. Corporate insiders own 35.60% of the company’s stock.

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.