International Petroleum Co. (TSE:IPCO) Senior Officer Purchases C$30,480.00 in Stock

International Petroleum Co. (TSE:IPCO) Senior Officer Curtis White purchased 2,000 shares of International Petroleum stock in a transaction on Tuesday, November 5th. The stock was bought at an average price of C$15.24 per share, with a total value of C$30,480.00.

International Petroleum Trading Down 2.5 %

Shares of IPCO stock traded down C$0.38 on Friday, reaching C$14.82. 24,101 shares of the company’s stock were exchanged, compared to its average volume of 65,976. The company has a current ratio of 2.97, a quick ratio of 3.93 and a debt-to-equity ratio of 43.56. The company’s fifty day simple moving average is C$16.99 and its 200 day simple moving average is C$18.09. The stock has a market capitalization of C$1.79 billion, a PE ratio of 8.00 and a beta of 2.38. International Petroleum Co. has a 52 week low of C$13.23 and a 52 week high of C$20.59.

Analyst Ratings Changes

Several equities analysts have weighed in on IPCO shares. BMO Capital Markets cut their price target on International Petroleum from C$22.00 to C$20.00 in a report on Friday, October 4th. Scotiabank raised their price objective on International Petroleum from C$20.00 to C$21.00 in a research note on Friday, July 12th. Finally, ATB Capital raised International Petroleum from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$21.00 to C$22.00 in a research note on Wednesday, October 16th.

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.