BMO Capital Markets Lowers International Petroleum (TSE:IPCO) Price Target to C$20.00

International Petroleum (TSE:IPCO) had its price objective trimmed by BMO Capital Markets from C$22.00 to C$20.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

A number of other research firms have also recently commented on IPCO. Scotiabank boosted their target price on shares of International Petroleum from C$20.00 to C$21.00 in a research note on Friday, July 12th. ATB Capital lifted their price objective on International Petroleum from C$19.00 to C$21.00 and gave the stock a sector perform rating in a report on Wednesday, July 31st.

International Petroleum Price Performance

International Petroleum stock opened at C$18.09 on Friday. The company has a debt-to-equity ratio of 43.56, a quick ratio of 3.93 and a current ratio of 2.97. The company’s fifty day moving average price is C$18.32 and its 200 day moving average price is C$18.17. The stock has a market capitalization of C$2.19 billion, a P/E ratio of 9.67 and a beta of 2.43. International Petroleum has a 1 year low of C$12.75 and a 1 year high of C$20.59.

About International Petroleum

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is based in Vancouver, Canada.