International Petroleum (TSE:IPCO) Given a C$38.00 Price Target at Scotiabank

Scotiabank set a C$38.00 target price on International Petroleum (TSE:IPCO) in a research report report published on Friday morning,BayStreet.CA reports. The firm currently has a sector outperform rating on the stock.

Several other brokerages have also recently issued reports 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 target on the stock in a research report on Tuesday, April 7th. National Bank Financial set a C$45.00 price objective on shares of International Petroleum and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$38.25.

International Petroleum Stock Performance

Shares of TSE:IPCO opened at C$31.00 on Friday. The company has a market cap of C$3.50 billion, a price-to-earnings ratio of 140.91 and a beta of 0.12. The company has a 50-day moving average price of C$33.97 and a 200-day moving average price of C$32.61. The company has a current ratio of 0.79, a quick ratio of 3.93 and a debt-to-equity ratio of 58.61. International Petroleum has a 12 month low of C$20.74 and a 12 month high of C$39.47.

International Petroleum (TSE:IPCO) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$0.15 earnings per share for the quarter. International Petroleum had a return on equity of 2.73% and a net margin of 3.51%.The business had revenue of C$240.53 million during the quarter. As a group, equities analysts anticipate that International Petroleum will post 0.1677866 EPS for the current 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.