International Petroleum Co. (OTCMKTS:IPCFF – Get Rating) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 137,700 shares, a growth of 26.4% from the June 30th total of 108,900 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 20.3 days.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Barclays lifted their price target on shares of International Petroleum from SEK 160 to SEK 170 and gave the company an “overweight” rating in a report on Friday, July 15th. Scotiabank lifted their price target on shares of International Petroleum from C$14.00 to C$17.00 in a report on Wednesday, June 8th. Finally, Stifel Nicolaus lifted their price target on shares of International Petroleum from C$17.00 to C$18.25 in a report on Thursday, June 30th.
International Petroleum Stock Performance
International Petroleum stock opened at $12.15 on Tuesday. The company’s 50-day moving average price is $10.34 and its 200-day moving average price is $9.08. International Petroleum has a twelve month low of $4.42 and a twelve month high of $13.50.
About International Petroleum
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.
- Get a free copy of the StockNews.com research report on International Petroleum (IPCFF)
- MarketBeat Podcast: Find Investing Opportunities For The Rest of 2022
- Deep Value High Yield Newell Brands Is Ready To Bottom
- The Colgate-Palmolive Growth Outlook Brightens
- These Stocks Outperformed Last Time There Was A Recession
- Does Rivian’s Stock Still Have A Future?
Receive News & Ratings for International Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.