International Petroleum Co. (OTCMKTS:IPCFF – Get Free Report) shot up 2% on Friday. The stock traded as high as $28.89 and last traded at $28.8045. Approximately 24,762 shares traded hands during trading, an increase of 24% from the average session volume of 19,904 shares. The stock had previously closed at $28.25.
Analyst Upgrades and Downgrades
IPCFF has been the topic of a number of analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of International Petroleum in a research report on Monday, October 19th. TD Cowen assumed coverage on International Petroleum in a research report on Friday, September 11th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on International Petroleum
International Petroleum Stock Up 2.0%
The firm has a fifty day moving average of $25.75 and a 200 day moving average of $24.87.
About International Petroleum
International Petroleum Corporation (IPC) is an international oil and gas exploration and production company focused on the acquisition, development and operation of upstream petroleum assets. Its activities include crude oil and natural gas production, field development, exploration and the management of interests in producing and non-producing properties.
IPC has held operations and interests in Canada, France and Malaysia. Its Canadian portfolio has included heavy-oil and conventional oil assets, while its French operations have focused on oil production in the Paris Basin and Aquitaine regions.
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