ATB Capital Increases International Petroleum (TSE:IPCO) Price Target to C$21.00

International Petroleum (TSE:IPCO) had its target price hoisted by ATB Capital from C$19.00 to C$21.00 in a report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, Scotiabank upped their price objective on International Petroleum from C$20.00 to C$21.00 in a report on Friday, July 12th.

International Petroleum Stock Down 3.2 %

TSE:IPCO opened at C$18.85 on Wednesday. The stock’s fifty day moving average price is C$18.88 and its two-hundred day moving average price is C$17.12. International Petroleum has a 52-week low of C$11.74 and a 52-week high of C$20.59. The company has a debt-to-equity ratio of 44.41, a quick ratio of 3.93 and a current ratio of 2.94. The company has a market cap of C$2.35 billion, a price-to-earnings ratio of 10.96 and a beta of 2.50.

About International Petroleum

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.