Shares of International Petroleum Co. (TSE:IPCO - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as C$21.50 and last traded at C$21.43, with a volume of 16312 shares trading hands. The stock had previously closed at C$21.20.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets raised their target price on shares of International Petroleum from C$18.00 to C$20.00 in a report on Tuesday, January 14th.
Read Our Latest Analysis on International Petroleum
International Petroleum Stock Performance
The firm's 50 day simple moving average is C$19.64 and its 200-day simple moving average is C$17.51. The company has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 17.96 and a beta of 2.38. The company has a debt-to-equity ratio of 47.72, a quick ratio of 3.93 and a current ratio of 1.92.
Insider Activity at International Petroleum
In related news, Director William A.W. Lundin acquired 6,250 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of C$15.39 per share, with a total value of C$96,187.50. 35.60% of the stock is owned by insiders.
International Petroleum Company Profile
(
Get Free Report)
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.
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