International Petroleum (TSE:IPCO) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

International Petroleum (TSE:IPCO - Free Report) had its target price lifted by BMO Capital Markets from C$18.00 to C$20.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

Separately, ATB Capital upgraded shares of International Petroleum from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$21.00 to C$22.00 in a report on Wednesday, October 16th.

International Petroleum Stock Performance

IPCO traded up C$0.29 on Tuesday, hitting C$18.65. 77,423 shares of the company traded hands, compared to its average volume of 79,052. The company has a 50 day moving average of C$15.93 and a 200-day moving average of C$17.42. International Petroleum has a 12-month low of C$13.36 and a 12-month high of C$20.59. The stock has a market capitalization of C$2.25 billion, a PE ratio of 9.82 and a beta of 2.38. The company has a quick ratio of 3.93, a current ratio of 2.97 and a debt-to-equity ratio of 43.56.

Insider Transactions at International Petroleum

In related news, Director William A.W. Lundin bought 6,250 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of C$15.39 per share, for a total transaction of C$96,187.50. Also, Senior Officer Curtis White acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of C$15.24 per share, with a total value of C$30,480.00. 35.60% of the stock is currently owned by insiders.

About International Petroleum

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.