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International Petroleum (TSE:IPCO) Trading Up 4.1% - Still a Buy?

International Petroleum logo with Energy background

International Petroleum Co. (TSE:IPCO - Get Free Report) shares rose 4.1% during trading on Tuesday . The stock traded as high as C$20.02 and last traded at C$19.94. Approximately 103,533 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 106,243 shares. The stock had previously closed at C$19.16.

Analyst Ratings Changes

Separately, BMO Capital Markets raised their price target on shares of International Petroleum from C$18.00 to C$20.00 in a research note on Tuesday, January 14th.

Check Out Our Latest Analysis on IPCO

International Petroleum Price Performance

The company has a market capitalization of C$1.69 billion, a P/E ratio of 16.97 and a beta of 2.38. The company has a debt-to-equity ratio of 47.72, a current ratio of 1.92 and a quick ratio of 3.93. The company's 50-day moving average price is C$19.88 and its two-hundred day moving average price is C$17.92.

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.

Further Reading

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