International Petroleum Co. (TSE:IPCO – Get Free Report) Director William A.W. Lundin bought 33,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were purchased at an average price of C$30.69 per share, for a total transaction of C$1,012,770.00. Following the transaction, the director directly owned 624,012 shares of the company’s stock, valued at approximately C$19,150,928.28. This represents a 5.58% increase in their position.
International Petroleum Stock Performance
TSE:IPCO traded up C$1.49 during trading hours on Thursday, reaching C$30.97. 336,953 shares of the company’s stock were exchanged, compared to its average volume of 176,095. The company has a 50-day moving average of C$32.28 and a 200 day moving average of C$33.22. The company has a quick ratio of 3.93, a current ratio of 0.79 and a debt-to-equity ratio of 58.61. The firm has a market capitalization of C$3.49 billion, a price-to-earnings ratio of 140.77 and a beta of 0.09. International Petroleum Co. has a 1-year low of C$20.74 and a 1-year high of C$39.47.
International Petroleum (TSE:IPCO – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported C$0.13 earnings per share for the quarter. The company had revenue of C$263.89 million for the quarter. International Petroleum had a return on equity of 2.73% and a net margin of 3.51%. Research analysts anticipate that International Petroleum Co. will post 0.1677866 EPS for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on IPCO
International Petroleum Company Profile
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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