International Petroleum Co. (TSE:IPCO – Get Free Report) shares were down 4.5% on Tuesday . The company traded as low as C$34.22 and last traded at C$34.64. Approximately 113,932 shares changed hands during trading, a decline of 39% from the average daily volume of 187,969 shares. The stock had previously closed at C$36.27.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on IPCO shares. BMO Capital Markets raised International Petroleum from a “market perform” rating to an “outperform” rating and set a C$43.00 price target for the company in a research note on Tuesday, April 7th. National Bank Financial set a C$45.00 price target on International Petroleum and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada raised their price target on International Petroleum from C$25.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$35.25.
Get Our Latest Stock Analysis on IPCO
International Petroleum Stock Performance
International Petroleum (TSE:IPCO – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.15 EPS for the quarter. The business had revenue of C$240.54 million for the quarter. International Petroleum had a return on equity of 2.73% and a net margin of 3.51%. As a group, analysts predict that International Petroleum Co. will post 0.1677866 earnings per share for the current year.
About International Petroleum
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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