BMO Capital Markets Increases International Petroleum (TSE:IPCO) Price Target to C$20.00

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

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

International Petroleum Stock Performance

Shares of TSE IPCO opened at C$18.79 on Tuesday. International Petroleum has a 12 month low of C$13.36 and a 12 month high of C$20.59. The company has a market cap of C$2.26 billion, a P/E ratio of 9.89 and a beta of 2.38. The business’s 50 day moving average is C$16.06 and its two-hundred day moving average is C$17.43. 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 Activity at International Petroleum

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