Curtis White Buys 2,000 Shares of International Petroleum Co. (TSE:IPCO) Stock

International Petroleum Co. (TSE:IPCO) Senior Officer Curtis White bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average cost of C$15.24 per share, for a total transaction of C$30,480.00.

International Petroleum Stock Down 1.7 %

International Petroleum stock opened at C$14.94 on Friday. International Petroleum Co. has a 1-year low of C$13.23 and a 1-year high of C$20.59. The firm has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 7.86 and a beta of 2.38. The firm’s fifty day moving average price is C$16.88 and its two-hundred day moving average price is C$18.08. The company has a current ratio of 2.97, a quick ratio of 3.93 and a debt-to-equity ratio of 43.56.

Analysts Set New Price Targets

IPCO has been the topic of several research analyst reports. ATB Capital raised shares of International Petroleum from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$21.00 to C$22.00 in a research note on Wednesday, October 16th. BMO Capital Markets cut their target price on shares of International Petroleum from C$22.00 to C$20.00 in a research note on Friday, October 4th.

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.