International Petroleum (TSE:IPCO) Hits New 12-Month High – What’s Next?

International Petroleum Co. (TSE:IPCO) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$21.50 and last traded at C$21.43, with a volume of 16312 shares changing hands. The stock had previously closed at C$21.20.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets boosted their price objective on International Petroleum from C$18.00 to C$20.00 in a research report on Tuesday, January 14th.

International Petroleum Trading Down 0.3 %

The company has a quick ratio of 3.93, a current ratio of 1.92 and a debt-to-equity ratio of 47.72. The company’s 50-day moving average price is C$19.59 and its 200-day moving average price is C$17.51. The firm has a market cap of C$1.81 billion, a price-to-earnings ratio of 18.20 and a beta of 2.38.

Insiders Place Their Bets

In other International Petroleum news, Director William A.W. Lundin bought 6,250 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average price of C$15.39 per share, with a total value of C$96,187.50. 35.60% of the stock is owned by company insiders.

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.