Key Points
- Director William A.W. Lundin purchased 20,000 shares of International Petroleum (TSE:IPCO) on December 18 at an average price of C$24.26, for a total of C$485,200.
- Following the trade Lundin owns 822,202 shares, a 2.49% increase in his stake, valued at C$19,946,620.52.
- IPCO has a market cap of C$2.69 billion and a high P/E of 82.55; the company reported C$0.03 EPS last quarter and analysts hold a consensus "Hold" rating with a C$23.33 price target.
International Petroleum Co. (TSE:IPCO - Get Free Report) Director William A.W. Lundin bought 20,000 shares of International Petroleum stock in a transaction that occurred on Thursday, December 18th. The shares were acquired at an average price of C$24.26 per share, with a total value of C$485,200.00. Following the completion of the transaction, the director owned 822,202 shares of the company's stock, valued at C$19,946,620.52. This represents a 2.49% increase in their ownership of the stock.
International Petroleum Stock Performance
TSE:IPCO opened at C$23.94 on Friday. The business's 50-day moving average price is C$24.58 and its two-hundred day moving average price is C$23.76. The stock has a market cap of C$2.69 billion, a P/E ratio of 82.55 and a beta of 0.48. The company has a quick ratio of 3.93, a current ratio of 1.92 and a debt-to-equity ratio of 47.72. International Petroleum Co. has a twelve month low of C$15.04 and a twelve month high of C$28.89.
International Petroleum (TSE:IPCO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.03 earnings per share for the quarter. International Petroleum had a net margin of 11.23% and a return on equity of 10.18%. The firm had revenue of C$239.91 million for the quarter. As a group, equities analysts predict that International Petroleum Co. will post 0.1677866 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
IPCO has been the topic of several recent research reports. Scotiabank increased their price objective on International Petroleum from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a research report on Thursday, October 9th. Royal Bank Of Canada set a C$26.00 target price on International Petroleum and gave the stock a "sector perform" rating in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$23.33.
View Our Latest Stock Report on International Petroleum
International Petroleum Company Profile
(
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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.
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