Royal Bank Of Canada Boosts International Petroleum (TSE:IPCO) Price Target to C$27.00

International Petroleum (TSE:IPCO) had its price target raised by Royal Bank Of Canada from C$25.00 to C$27.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential downside of 6.86% from the company’s current price.

Separately, Scotiabank lifted their price target on shares of International Petroleum from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$26.50.

International Petroleum Stock Down 5.2%

Shares of TSE:IPCO opened at C$28.99 on Wednesday. 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 has a market capitalization of C$3.25 billion, a P/E ratio of 115.96 and a beta of 0.83. International Petroleum has a 52-week low of C$16.32 and a 52-week high of C$30.80. The stock’s fifty day simple moving average is C$26.26 and its 200-day simple moving average is C$24.96.

International Petroleum (TSE:IPCO) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C($0.05) EPS for the quarter. International Petroleum had a return on equity of 10.18% and a net margin of 11.23%.The company had revenue of C$231.73 million for the quarter. As a group, equities research analysts forecast that International Petroleum will post 0.1677866 earnings per share for the current fiscal year.

Insider Buying and Selling at International Petroleum

In related news, Director William A.W. Lundin bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were acquired at an average cost of C$24.26 per share, with a total value of C$485,200.00. Following the completion of the transaction, the director owned 822,202 shares of the company’s stock, valued at approximately C$19,946,620.52. The trade was a 2.49% increase in their ownership of the stock. 35.60% of the stock is currently owned by insiders.

International Petroleum Company Profile

International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia and France. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.