International Petroleum (TSE:IPCO) Price Target Cut to C$20.00

International Petroleum (TSE:IPCO) had its target price dropped by investment analysts at BMO Capital Markets from C$22.00 to C$20.00 in a report released on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 13.83% from the company’s previous close.

Several other research firms have also recently weighed in on IPCO. Scotiabank increased their price objective on International Petroleum from C$20.00 to C$21.00 in a research report on Friday, July 12th. ATB Capital increased their price objective on International Petroleum from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st.

International Petroleum Stock Down 0.7 %

Shares of International Petroleum stock opened at C$17.57 on Friday. The stock has a market capitalization of C$2.12 billion, a P/E ratio of 9.40 and a beta of 2.43. The company has a quick ratio of 3.93, a current ratio of 2.97 and a debt-to-equity ratio of 43.56. The stock has a 50 day moving average price of C$18.35 and a two-hundred day moving average price of C$18.13. International Petroleum has a 12-month low of C$11.94 and a 12-month high of C$20.59.

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.