International Petroleum (TSE:IPCO) Upgraded at ATB Capital

ATB Capital upgraded shares of International Petroleum (TSE:IPCO) from a sector perform rating to an outperform rating in a research note published on Wednesday, BayStreet.CA reports. The brokerage currently has C$22.00 target price on the stock, up from their previous target price of C$21.00.

IPCO has been the subject of a number of other research reports. BMO Capital Markets dropped their price objective on shares of International Petroleum from C$22.00 to C$20.00 in a research note on Friday, October 4th. Scotiabank boosted their target price on shares of International Petroleum from C$20.00 to C$21.00 in a research note on Friday, July 12th.

International Petroleum Price Performance

IPCO opened at C$15.82 on Wednesday. The stock’s 50-day moving average price is C$17.97 and its 200 day moving average price is C$18.22. The firm has a market cap of C$1.91 billion, a price-to-earnings ratio of 8.46 and a beta of 2.38. The company has a current ratio of 2.97, a quick ratio of 3.93 and a debt-to-equity ratio of 43.56. International Petroleum has a 12-month low of C$13.23 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.