International Petroleum (TSE:IPCO) Trading 1.5% Higher

International Petroleum Co. (TSE:IPCO) shot up 1.5% during mid-day trading on Thursday . The stock traded as high as C$16.95 and last traded at C$16.79. 61,813 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 62,780 shares. The stock had previously closed at C$16.55.

Analysts Set New Price Targets

Several research firms have recently issued reports on IPCO. BMO Capital Markets set a C$22.00 price target on shares of International Petroleum and gave the company a “market perform” rating in a research report on Thursday, August 22nd. Scotiabank boosted their price target on shares of International Petroleum from C$20.00 to C$21.00 in a research report on Friday, July 12th. Finally, ATB Capital upped their target price 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 Stock Up 1.5 %

The stock’s fifty day moving average is C$19.21 and its two-hundred day moving average is C$17.90. 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 firm has a market cap of C$2.04 billion, a P/E ratio of 9.03 and a beta of 2.43.

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.