Shares of International Petroleum Co. (OTCMKTS:IPCFF – Get Free Report) traded up 3.4% during mid-day trading on Wednesday . The company traded as high as $22.6580 and last traded at $22.5895. Approximately 9,329 shares were traded during trading, a decline of 61% from the average session volume of 23,667 shares. The stock had previously closed at $21.85.
Analyst Upgrades and Downgrades
Separately, Scotiabank raised shares of International Petroleum from a “sector perform” rating to an “outperform” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on IPCFF
International Petroleum Stock Down 1.7%
International Petroleum Company Profile
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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