International Petroleum (TSE:IPCO) Price Target Raised to C$27.00

International Petroleum (TSE:IPCO) had its price objective boosted by Royal Bank Of Canada from C$25.00 to C$27.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Separately, Scotiabank boosted their price target on International Petroleum from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$26.50.

International Petroleum Stock Performance

Shares of IPCO stock opened at C$29.49 on Wednesday. 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 firm has a market capitalization of C$3.31 billion, a price-to-earnings ratio of 117.96 and a beta of 0.83. International Petroleum has a one year low of C$16.32 and a one year high of C$30.80. The company has a 50 day moving average price of C$26.29 and a 200 day moving average price of C$25.00.

International Petroleum (TSE:IPCO) last announced its quarterly earnings results on Tuesday, February 10th. The company reported C($0.05) earnings per share for the quarter. The company had revenue of C$231.73 million during the quarter. International Petroleum had a net margin of 11.23% and a return on equity of 10.18%. Sell-side analysts anticipate that International Petroleum will post 0.1677866 EPS for the current year.

Insiders Place Their Bets

In other International Petroleum news, Director William A.W. Lundin purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was purchased at an average cost of C$24.26 per share, with a total value of C$485,200.00. Following the transaction, the director owned 822,202 shares in the company, valued at approximately C$19,946,620.52. This trade represents a 2.49% increase in their ownership of the stock. Company insiders own 35.60% of the company’s stock.

About International Petroleum

International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia and France. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.