International Petroleum (TSE:IPCO) Director Acquires C$485,200.00 in Stock

International Petroleum Co. (TSE:IPCO) Director William A.W. Lundin purchased 20,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were purchased at an average cost of C$24.26 per share, with a total value of C$485,200.00. Following the completion of the purchase, the director owned 822,202 shares in the company, valued at C$19,946,620.52. This represents a 2.49% increase in their position.

International Petroleum Price Performance

Shares of IPCO traded down C$0.25 during trading hours on Thursday, hitting C$23.98. 108,449 shares of the company were exchanged, compared to its average volume of 102,742. International Petroleum Co. has a one year low of C$15.04 and a one year high of C$28.89. The firm has a fifty day simple moving average of C$24.58 and a 200-day simple moving average of C$23.76. The company has a market capitalization of C$2.69 billion, a PE ratio of 82.69 and a beta of 0.48. 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 (TSE:IPCO) last announced its earnings results on Tuesday, November 4th. The company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$239.91 million for the quarter. International Petroleum had a net margin of 11.23% and a return on equity of 10.18%. As a group, sell-side analysts predict that International Petroleum Co. will post 0.1677866 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IPCO. Royal Bank Of Canada set a C$26.00 target price on shares of International Petroleum and gave the stock a “sector perform” rating in a research report on Tuesday, September 2nd. Scotiabank increased their price objective on shares of International Petroleum from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$23.33.

International Petroleum Company Profile

International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia and France.