International Petroleum Co. (TSE:IPCO) Senior Officer Ryan Adair Buys 15,500 Shares

International Petroleum Co. (TSE:IPCO) Senior Officer Ryan Adair bought 15,500 shares of the stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of C$18.89 per share, with a total value of C$292,795.00.

International Petroleum Stock Down 2.2 %

Shares of International Petroleum stock traded down C$0.33 during trading on Friday, reaching C$14.87. The stock had a trading volume of 33,001 shares, compared to its average volume of 66,016. The company has a current ratio of 2.97, a quick ratio of 3.93 and a debt-to-equity ratio of 43.56. The company has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 7.80 and a beta of 2.38. International Petroleum Co. has a 52 week low of C$13.23 and a 52 week high of C$20.59. The stock has a fifty day moving average price of C$16.99 and a two-hundred day moving average price of C$18.09.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IPCO. Scotiabank raised their price objective on International Petroleum from C$20.00 to C$21.00 in a research note on Friday, July 12th. ATB Capital raised International Petroleum from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$21.00 to C$22.00 in a research report on Wednesday, October 16th. Finally, BMO Capital Markets decreased their price objective on International Petroleum from C$22.00 to C$20.00 in a research report on Friday, October 4th.

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.