TD Reiterates C$38.00 Price Target for International Petroleum (TSE:IPCO)

International Petroleum (TSE:IPCO) received a C$38.00 target price from research analysts at TD in a research note issued to investors on Friday, BayStreet reports. The firm currently has a “hold” rating on the stock. TD’s price target would indicate a potential upside of 6.41% from the company’s current price.

Separately, Scotiabank set a C$38.00 price target on International Petroleum and gave the stock a “sector outperform” rating in a report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, International Petroleum has an average rating of “Hold” and an average target price of C$38.20.

International Petroleum Trading Down 3.4%

Shares of TSE IPCO traded down C$1.26 during midday trading on Friday, reaching C$35.71. The stock had a trading volume of 69,909 shares, compared to its average volume of 171,891. The firm has a market cap of C$4.00 billion, a price-to-earnings ratio of 187.95 and a beta of 0.13. International Petroleum has a twelve month low of C$20.74 and a twelve month high of C$39.47. The company has a debt-to-equity ratio of 56.91, a quick ratio of 3.93 and a current ratio of 0.97. The company’s 50 day moving average price is C$32.62 and its 200 day moving average price is C$34.28.

International Petroleum (TSE:IPCO) last announced its earnings results on Tuesday, August 4th. The company reported C$0.13 earnings per share for the quarter. The business had revenue of C$263.89 million during the quarter. International Petroleum had a net margin of 2.81% and a return on equity of 2.33%. As a group, sell-side analysts expect that International Petroleum will post 0.1677866 EPS for the current year.

Insider Transactions at International Petroleum

In related news, Director William A.W. Lundin bought 33,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were acquired at an average cost of C$30.69 per share, with a total value of C$1,012,770.00. Following the completion of the purchase, the director directly owned 624,012 shares in the company, valued at C$19,150,928.28. The trade was a 5.58% increase in their ownership of the stock. 35.60% of the stock is currently owned by corporate insiders.

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.