International Petroleum (TSE:IPCO) Hits New 1-Year High – Here’s Why

International Petroleum Co. (TSE:IPCO)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$22.16 and last traded at C$22.08, with a volume of 23370 shares trading hands. The stock had previously closed at C$21.59.

Wall Street Analyst Weigh In

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

International Petroleum Stock Up 1.1 %

The business’s 50 day simple moving average is C$19.71 and its 200 day simple moving average is C$17.53. The company has a current ratio of 1.92, a quick ratio of 3.93 and a debt-to-equity ratio of 47.72. The firm has a market capitalization of C$1.84 billion, a PE ratio of 18.47 and a beta of 2.38.

International Petroleum Company Profile

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.