International Petroleum (TSE:IPCO) Stock Crosses Below 50-Day Moving Average – Should You Sell?

International Petroleum Co. (TSE:IPCO) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$35.23 and traded as low as C$30.50. International Petroleum shares last traded at C$30.69, with a volume of 23,080 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have commented on IPCO. BMO Capital Markets upgraded shares of International Petroleum from a “market perform” rating to an “outperform” rating and set a C$43.00 price objective on the stock in a report on Tuesday, April 7th. National Bank Financial set a C$45.00 target price on International Petroleum and gave the company a “sector perform” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, International Petroleum currently has an average rating of “Hold” and an average price target of C$35.25.

International Petroleum Stock Up 1.1%

The company has a debt-to-equity ratio of 58.61, a quick ratio of 3.93 and a current ratio of 0.79. The firm has a fifty day simple moving average of C$35.23 and a 200-day simple moving average of C$32.17. The company has a market capitalization of C$3.46 billion, a PE ratio of 139.50 and a beta of 0.12.

International Petroleum (TSE:IPCO) last released its earnings results on Tuesday, May 5th. The company reported C$0.15 EPS for the quarter. The company had revenue of C$240.53 million during the quarter. International Petroleum had a return on equity of 2.73% and a net margin of 3.51%. Equities research analysts anticipate that International Petroleum Co. will post 0.1677866 EPS for the current fiscal year.

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.