International Petroleum (TSE:IPCO) Hits New 52-Week High – Should You Buy?

International Petroleum Co. (TSE:IPCO)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$21.28 and last traded at C$21.16, with a volume of 14077 shares changing hands. The stock had previously closed at C$20.94.

Analyst Ratings Changes

Separately, BMO Capital Markets raised their target price on shares of International Petroleum from C$18.00 to C$20.00 in a research note on Tuesday, January 14th.

International Petroleum Trading Up 0.6 %

The company has a debt-to-equity ratio of 47.72, a quick ratio of 3.93 and a current ratio of 1.92. The stock has a market capitalization of C$1.77 billion, a price-to-earnings ratio of 17.83 and a beta of 2.38. The business has a fifty day simple moving average of C$18.31 and a 200 day simple moving average of C$17.40.

Insider Activity at International Petroleum

In related news, Director William A.W. Lundin purchased 6,250 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of C$15.39 per share, for a total transaction of C$96,187.50. 35.60% of the stock is currently owned by corporate insiders.

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.