International Petroleum (TSE:IPCO) PT Set at C$38.00 by Scotiabank

International Petroleum (TSE:IPCO) has been given a C$38.00 price target by Scotiabank in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 22.58% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. National Bank Financial set a C$45.00 target price on International Petroleum and gave the company a “sector perform” rating in a report on Monday, May 4th. BMO Capital Markets upgraded International Petroleum from a “market perform” rating to an “outperform” rating and set a C$43.00 price objective for the company in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.25.

International Petroleum Trading Up 1.9%

IPCO stock opened at C$31.00 on Friday. The business has a fifty day moving average of C$33.97 and a 200-day moving average of C$32.61. International Petroleum has a twelve month low of C$20.74 and a twelve month high of C$39.47. The company has a quick ratio of 3.93, a current ratio of 0.79 and a debt-to-equity ratio of 58.61. The company has a market cap of C$3.50 billion, a P/E ratio of 140.91 and a beta of 0.12.

International Petroleum (TSE:IPCO) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$0.15 earnings per share (EPS) for the quarter. International Petroleum had a net margin of 3.51% and a return on equity of 2.73%. The business had revenue of C$240.53 million for the quarter. As a group, equities research analysts expect that International Petroleum will post 0.1677866 EPS for the current year.

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.