International Petroleum (TSE:IPCO) Shares Break Above Fifty Day Moving Average – Time to Sell?

International Petroleum Co. (TSE:IPCO)’s stock price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$36.61 and traded as high as C$37.13. International Petroleum shares last traded at C$37.05, with a volume of 371,928 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. TD set a C$38.00 price objective on shares of International Petroleum and gave the stock a “hold” rating in a report on Friday, September 11th. Scotiabank set a C$38.00 target price on shares of International Petroleum and gave the stock a “sector outperform” rating in a research report on Friday, July 17th. Finally, National Bank Financial raised shares of International Petroleum from a “sector perform” rating to an “outperform” rating and set a C$50.00 target price on the stock in a research note on Wednesday, November 4th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$39.20.

International Petroleum Stock Performance

The company has a 50-day simple moving average of C$36.61 and a two-hundred day simple moving average of C$34.30. The company has a debt-to-equity ratio of 52.00, a quick ratio of 3.93 and a current ratio of 1.09. The firm has a market capitalization of C$4.13 billion, a P/E ratio of 53.70 and a beta of 0.40.

International Petroleum (TSE:IPCO) last announced its earnings results on Tuesday, November 3rd. The company reported C$0.74 earnings per share (EPS) for the quarter. The firm had revenue of C$301.74 million during the quarter. International Petroleum had a return on equity of 8.50% and a net margin of 9.70%. As a group, equities analysts forecast that International Petroleum Co. will post 0.17 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.