International Petroleum (TSE:IPCO) Hits New 12-Month High – Should You Buy?

Shares of International Petroleum Co. (TSE:IPCO) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$26.90 and last traded at C$26.81, with a volume of 11123 shares trading hands. The stock had previously closed at C$26.77.

Analysts Set New Price Targets

Several brokerages recently commented on IPCO. Scotiabank raised their target price on International Petroleum from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Royal Bank Of Canada set a C$26.00 price objective on shares of International Petroleum and gave the company a “sector perform” rating in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, International Petroleum currently has a consensus rating of “Hold” and a consensus target price of C$23.33.

International Petroleum Stock Performance

The company has a fifty day moving average of C$23.61 and a two-hundred day moving average of C$22.77. The stock has a market capitalization of C$3.01 billion, a P/E ratio of 92.41 and a beta of 0.51. 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 issued its earnings results on Tuesday, November 4th. The company reported C$0.03 EPS for the quarter. International Petroleum had a return on equity of 10.18% and a net margin of 11.23%.The company had revenue of C$239.91 million during the quarter. On average, equities analysts anticipate that International Petroleum Co. will post 0.1677866 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.