International Petroleum (TSE:IPCO) Sets New 52-Week High – Still a Buy?

International Petroleum Co. (TSE:IPCO)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as C$22.16 and last traded at C$22.08, with a volume of 23370 shares changing hands. The stock had previously closed at C$21.59.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets increased their price objective on shares of International Petroleum from C$18.00 to C$20.00 in a research note on Tuesday, January 14th.

International Petroleum Price Performance

The firm has a 50-day moving average of C$19.71 and a 200-day moving average of C$17.53. The stock has a market cap of C$1.84 billion, a PE ratio of 18.47 and a beta of 2.38. The company has a debt-to-equity ratio of 47.72, a current ratio of 1.92 and a quick ratio of 3.93.

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.