International Petroleum (TSE:IPCO) Trading Down 4.5% – Here’s Why

International Petroleum Co. (TSE:IPCO) was down 4.5% during trading on Tuesday . The stock traded as low as C$34.22 and last traded at C$34.64. Approximately 113,932 shares were traded during trading, a decline of 39% from the average daily volume of 187,969 shares. The stock had previously closed at C$36.27.

Analyst Ratings Changes

Several equities research analysts have recently commented on IPCO shares. BMO Capital Markets raised International Petroleum from a “market perform” rating to an “outperform” rating and set a C$43.00 target price for the company in a report on Tuesday, April 7th. National Bank Financial set a C$45.00 price objective on International Petroleum and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada increased their price objective on International Petroleum from C$25.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, International Petroleum has an average rating of “Hold” and a consensus price target of C$35.25.

International Petroleum Stock Performance

The firm has a 50 day moving average of C$36.63 and a 200-day moving average of C$31.48. The stock has a market capitalization of C$3.91 billion, a PE ratio of 157.45 and a beta of 0.05. The company has a debt-to-equity ratio of 58.61, a quick ratio of 3.93 and a current ratio of 0.79.

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

About International Petroleum

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.