International Petroleum (TSE:IPCO) Reaches New 12-Month High – Time to Buy?

Posted by Casey Walker on May 21st, 2026

Shares of International Petroleum Co. (TSE:IPCO – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$39.29 and last traded at C$39.01, with a volume of 6721 shares. The stock had previously closed at C$38.81.

Wall Street Analysts Forecast Growth

IPCO has been the topic of several research analyst reports. BMO Capital Markets upgraded International Petroleum from a “market perform” rating to an “outperform” rating and set a C$43.00 target price on the stock in a report on Tuesday, April 7th. National Bank Financial set a C$45.00 target price on International Petroleum and gave the stock a “sector perform” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada increased their target price on International Petroleum from C$25.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$35.25.

Read Our Latest Analysis on IPCO

International Petroleum Stock Down 2.4%

The firm has a fifty day moving average price of C$36.56 and a 200 day moving average price of C$30.42. The company has a quick ratio of 3.93, a current ratio of 0.79 and a debt-to-equity ratio of 58.61. The company has a market cap of C$4.32 billion, a P/E ratio of 173.91 and a beta of 0.35.

International Petroleum (TSE:IPCO – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported C$0.15 EPS for the quarter. The company had revenue of C$240.54 million for the quarter. International Petroleum had a return on equity of 2.73% and a net margin of 3.51%. Equities research analysts forecast that International Petroleum Co. will post 0.1677866 earnings per share for the current year.

About International Petroleum

(Get Free Report)

International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia and France. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.