International Petroleum Co. (OTCMKTS:IPCFF – Get Free Report) shot up 3.4% during trading on Wednesday . The company traded as high as $22.6580 and last traded at $22.5895. Approximately 9,329 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 23,667 shares. The stock had previously closed at $21.85.
Analyst Upgrades and Downgrades
Separately, Scotiabank raised shares of International Petroleum from a “sector perform” rating to an “outperform” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, International Petroleum has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on IPCFF
International Petroleum Price Performance
About International Petroleum
International Petroleum Corporation (OTCMKTS: IPCFF) is an independent upstream oil and gas company focused on acquiring, exploring, developing and producing hydrocarbon assets in Southeast Asia and Europe. Headquartered in Singapore, the company builds value through selective exploration and development projects that leverage its operational expertise and strategic partnerships.
The company’s core producing assets are located offshore in the Gulf of Thailand, where it holds interests in the S1 and S2 concessions.
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