International Petroleum Co. (TSE:IPCO) Director Purchases C$96,187.50 in Stock

International Petroleum Co. (TSE:IPCO) Director William A.W. Lundin acquired 6,250 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of C$15.39 per share, for a total transaction of C$96,187.50.

International Petroleum Stock Up 2.1 %

TSE:IPCO traded up C$0.33 on Wednesday, reaching C$16.14. 44,479 shares of the stock traded hands, compared to its average volume of 69,095. 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 company has a market capitalization of C$1.94 billion, a price-to-earnings ratio of 8.49 and a beta of 2.38. International Petroleum Co. has a 12 month low of C$13.36 and a 12 month high of C$20.59. The company’s fifty day simple moving average is C$15.59 and its 200 day simple moving average is C$17.49.

Analyst Ratings Changes

IPCO has been the topic of a number of analyst reports. ATB Capital raised International Petroleum from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$21.00 to C$22.00 in a research report on Wednesday, October 16th. BMO Capital Markets dropped their target price on International Petroleum from C$22.00 to C$20.00 in a report on Friday, October 4th.

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.