International Petroleum (TSE:IPCO) Rating Increased to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of International Petroleum (TSE:IPCO) from a market perform rating to an outperform rating in a report issued on Tuesday morning,BayStreet.CA reports. BMO Capital Markets currently has C$43.00 target price on the stock.

A number of other research firms also recently issued reports on IPCO. Scotiabank raised their price target on International Petroleum from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada raised their price target on International Petroleum from C$25.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, International Petroleum has an average rating of “Hold” and a consensus price target of C$32.00.

International Petroleum Stock Performance

Shares of TSE IPCO opened at C$38.27 on Tuesday. The firm’s 50-day moving average price is C$32.86 and its 200-day moving average price is C$27.55. The company has a quick ratio of 3.93, a current ratio of 0.81 and a debt-to-equity ratio of 52.52. The company has a market cap of C$4.32 billion, a PE ratio of 153.08 and a beta of 0.22. International Petroleum has a 52-week low of C$16.54 and a 52-week high of C$38.90.

International Petroleum (TSE:IPCO) last announced its quarterly earnings results on Tuesday, February 10th. The company reported C($0.05) earnings per share (EPS) for the quarter. The company had revenue of C$231.73 million for the quarter. International Petroleum had a net margin of 3.90% and a return on equity of 3.12%. As a group, analysts anticipate that International Petroleum will post 0.1677866 EPS for the current year.

About International Petroleum

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.