International Petroleum (TSE:IPCO) Sets New 1-Year High – Here’s Why

International Petroleum Co. (TSE:IPCO) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$21.50 and last traded at C$21.43, with a volume of 16312 shares. The stock had previously closed at C$21.20.

Analyst Ratings Changes

Separately, BMO Capital Markets increased their price target on shares of International Petroleum from C$18.00 to C$20.00 in a report on Tuesday, January 14th.

International Petroleum Trading Up 1.5 %

The company has a fifty day moving average price of C$19.46 and a 200-day moving average price of C$17.46. The company has a current ratio of 1.92, a quick ratio of 3.93 and a debt-to-equity ratio of 47.72. The firm has a market cap of C$1.81 billion, a price-to-earnings ratio of 18.20 and a beta of 2.38.

Insider Activity

In related news, Director William A.W. Lundin bought 6,250 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of C$15.39 per share, for a total transaction of C$96,187.50. Insiders own 35.60% of the company’s stock.

International Petroleum Company Profile

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.