International Petroleum (TSE:IPCO) Shares Up 0.3%

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

Analysts Set New Price Targets

IPCO has been the subject of a number of research analyst reports. Scotiabank raised their target price on International Petroleum from C$20.00 to C$21.00 in a research note on Friday, July 12th. ATB Capital raised their price objective on International Petroleum from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st.

International Petroleum Price Performance

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 stock’s 50 day moving average price is C$19.08 and its two-hundred day moving average price is C$17.49. The stock has a market cap of C$2.33 billion, a price-to-earnings ratio of 10.06 and a beta of 2.44.

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.