International Petroleum (TSE:IPCO) Upgraded to Outperform at ATB Capital

ATB Capital upgraded shares of International Petroleum (TSE:IPCO) from a sector perform rating to an outperform rating in a research note released on Wednesday morning, BayStreet.CA reports. They currently have C$22.00 price target on the stock, up from their prior price target of C$21.00.

A number of other analysts have also commented on the stock. BMO Capital Markets cut their price objective on shares of International Petroleum from C$22.00 to C$20.00 in a research report on Friday, October 4th. Scotiabank boosted their price target on shares of International Petroleum from C$20.00 to C$21.00 in a research report on Friday, July 12th.

International Petroleum Stock Down 2.0 %

Shares of International Petroleum stock opened at C$15.82 on Wednesday. International Petroleum has a 52-week low of C$13.23 and a 52-week high of C$20.59. The company has a debt-to-equity ratio of 43.56, a quick ratio of 3.93 and a current ratio of 2.97. The business’s 50 day simple moving average is C$17.97 and its 200 day simple moving average is C$18.21. The firm has a market cap of C$1.91 billion, a PE ratio of 8.46 and a beta of 2.38.

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.