Shares of International Petroleum Co. (OTCMKTS:IPCFF – Get Free Report) traded down 1.7% during trading on Monday . The company traded as low as $24.23 and last traded at $24.4252. 8,113 shares traded hands during trading, a decline of 65% from the average session volume of 22,876 shares. The stock had previously closed at $24.85.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of International Petroleum in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Read Our Latest Analysis on IPCFF
International Petroleum Stock Performance
About International Petroleum
International Petroleum Corporation (OTCMKTS: IPCFF) is an independent upstream oil and gas company focused on acquiring, exploring, developing and producing hydrocarbon assets in Southeast Asia and Europe. Headquartered in Singapore, the company builds value through selective exploration and development projects that leverage its operational expertise and strategic partnerships.
The company’s core producing assets are located offshore in the Gulf of Thailand, where it holds interests in the S1 and S2 concessions.
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