International Petroleum Co. (TSE:IPCO) Director Acquires C$96,187.50 in Stock

International Petroleum Co. (TSE:IPCO) Director William A.W. Lundin purchased 6,250 shares of International Petroleum stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of C$15.39 per share, for a total transaction of C$96,187.50.

International Petroleum Stock Performance

Shares of IPCO opened at C$16.18 on Friday. The firm has a market cap of C$1.95 billion, a price-to-earnings ratio of 8.52 and a beta of 2.38. The company has a quick ratio of 3.93, a current ratio of 2.97 and a debt-to-equity ratio of 43.56. The business’s 50 day moving average is C$15.59 and its two-hundred day moving average is C$17.46. International Petroleum Co. has a 52-week low of C$13.36 and a 52-week high of C$20.59.

Analyst Ratings Changes

A number of research analysts have recently commented on IPCO shares. ATB Capital raised shares of International Petroleum from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$21.00 to C$22.00 in a research report on Wednesday, October 16th. BMO Capital Markets cut their price objective on shares of International Petroleum from C$22.00 to C$20.00 in a report 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.