International Petroleum (TSE:IPCO) Hits New 52-Week High at $16.07

International Petroleum Co. (TSE:IPCOGet Rating) reached a new 52-week high during trading on Tuesday . The company traded as high as C$16.07 and last traded at C$15.62, with a volume of 90722 shares. The stock had previously closed at C$15.65.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Scotiabank upped their price target on International Petroleum from C$17.00 to C$20.00 in a report on Wednesday. Stifel Nicolaus upped their price target on International Petroleum from C$18.25 to C$19.50 in a report on Wednesday. Finally, BMO Capital Markets upped their price target on International Petroleum from C$18.00 to C$21.00 in a report on Wednesday.

International Petroleum Price Performance

The company has a debt-to-equity ratio of 34.49, a current ratio of 3.06 and a quick ratio of 2.88. The firm has a 50-day moving average of C$13.45 and a 200-day moving average of C$11.68. The stock has a market cap of C$2.17 billion and a PE ratio of 8.86.

About International Petroleum

(Get Rating)

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas assets in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is headquartered in Vancouver, Canada.

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