International Petroleum Co. (OTCMKTS:IPCFF)’s stock price rose 3.2% during mid-day trading on Monday . The company traded as high as $4.61 and last traded at $4.56. Approximately 1,043 shares were traded during trading, a decline of 53% from the average daily volume of 2,243 shares. The stock had previously closed at $4.42.
IPCFF has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on International Petroleum from C$6.50 to C$9.25 and gave the company a “buy” rating in a research note on Monday, June 28th. Scotiabank raised International Petroleum to an “outperform” rating and lifted their price objective for the company from C$8.50 to C$9.00 in a research report on Monday, July 12th. Finally, Barclays upgraded shares of International Petroleum from an “underweight” rating to an “equal weight” rating in a report on Friday, August 6th.
The firm’s fifty day moving average is $4.65 and its two-hundred day moving average is $4.00.
International Petroleum Corp. operates as an exploration company. The firm engages in the exploration and production of oil and gas. It operates through the following geographical segments: Malaysia, France and Netherlands. The company was founded by Adolf H. Lundin on January 13, 2017 and is headquartered in Vancouver, Canada.
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