International Petroleum (TSE:IPCO) Given New C$27.00 Price Target at Royal Bank Of Canada

International Petroleum (TSE:IPCO) had its price objective upped by investment analysts at 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 currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential downside of 11.88% from the stock’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 research note on Tuesday, January 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$26.50.

International Petroleum Stock Up 2.5%

Shares of TSE IPCO traded up C$0.76 during midday trading on Wednesday, hitting C$30.64. 77,908 shares of the company’s stock were exchanged, compared to its average volume of 173,196. The firm’s fifty day simple moving average is C$26.20 and its 200-day simple moving average is C$24.89. The company has a market cap of C$3.44 billion, a PE ratio of 105.66 and a beta of 0.83. International Petroleum has a twelve month low of C$16.32 and a twelve month high of C$30.80. The company has a debt-to-equity ratio of 47.72, a current ratio of 1.92 and a quick ratio of 3.93.

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. International Petroleum had a net margin of 11.23% and a return on equity of 10.18%. The business had revenue of C$231.73 million during the quarter. Research analysts predict that International Petroleum will post 0.1677866 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director William A.W. Lundin bought 20,000 shares of the stock in a transaction on Thursday, December 18th. The shares were bought at an average cost of C$24.26 per share, for a total transaction of C$485,200.00. Following the purchase, the director owned 822,202 shares of the company’s stock, valued at C$19,946,620.52. This trade represents a 2.49% increase in their position. Insiders own 35.60% of the company’s stock.

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.