Key Points
- Director William A.W. Lundin purchased 33,000 International Petroleum shares at an average price of C$30.69, investing approximately C$1.01 million and increasing his direct stake by 5.58% to 624,012 shares.
- International Petroleum reported quarterly revenue of C$263.89 million and EPS of C$0.13. The stock opened at C$31.24, up 6.0%, with a market capitalization of approximately C$3.52 billion.
- Analysts maintain a “Moderate Buy” consensus on IPCO, with two Buy and two Hold ratings and an average price target of C$38.25.
International Petroleum Co. (TSE:IPCO - Get Free Report) Director William A.W. Lundin bought 33,000 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was purchased at an average cost of C$30.69 per share, with a total value of C$1,012,770.00. Following the acquisition, the director directly owned 624,012 shares in the company, valued at C$19,150,928.28. This trade represents a 5.58% increase in their position.
International Petroleum Trading Up 6.0%
Shares of IPCO stock opened at C$31.24 on Friday. International Petroleum Co. has a 52-week low of C$20.74 and a 52-week high of C$39.47. The company has a debt-to-equity ratio of 58.61, a quick ratio of 3.93 and a current ratio of 0.79. The firm has a market capitalization of C$3.52 billion, a PE ratio of 142.00 and a beta of 0.09. The stock has a fifty day simple moving average of C$32.19 and a two-hundred day simple moving average of C$33.26.
International Petroleum (TSE:IPCO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$0.13 EPS for the quarter. International Petroleum had a return on equity of 2.73% and a net margin of 3.51%.The business had revenue of C$263.89 million for the quarter. On average, analysts predict that International Petroleum Co. will post 0.1677866 EPS for the current fiscal year.
Wall Street Analyst Weigh In
IPCO has been the topic of a number of research analyst reports. National Bank Financial set a C$45.00 price target on International Petroleum and gave the stock a "sector perform" rating in a report on Monday, May 4th. Scotiabank set a C$38.00 price objective on shares of International Petroleum and gave the company a "sector outperform" rating in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, International Petroleum has an average rating of "Moderate Buy" and a consensus target price of C$38.25.
Read Our Latest Stock Analysis on IPCO
International Petroleum Company Profile
(
Get Free Report)
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. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.
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