International Petroleum (TSE:IPCO) Trading Down 4.5% – Here’s Why

International Petroleum Co. (TSE:IPCO) traded down 4.5% on Tuesday . The company traded as low as C$34.22 and last traded at C$34.64. 113,932 shares were traded during trading, a decline of 39% from the average session volume of 187,969 shares. The stock had previously closed at C$36.27.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of International Petroleum from C$25.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 11th. BMO Capital Markets upgraded shares of International Petroleum from a “market perform” rating to an “outperform” rating and set a C$43.00 price objective on the stock in a research note on Tuesday, April 7th. Finally, National Bank Financial set a C$45.00 price objective on shares of International Petroleum and gave the company a “sector perform” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$35.25.

International Petroleum Trading Down 0.7%

The business has a fifty day moving average of C$36.59 and a 200-day moving average of C$31.55. The stock has a market capitalization of C$3.99 billion, a price-to-earnings ratio of 160.73 and a beta of 0.05. The company has a debt-to-equity ratio of 58.61, a current ratio of 0.79 and a quick ratio of 3.93.

International Petroleum (TSE:IPCO) last released its earnings results on Tuesday, May 5th. The company reported C$0.15 earnings per share (EPS) for the quarter. The firm had revenue of C$240.54 million for the quarter. International Petroleum had a return on equity of 2.73% and a net margin of 3.51%. On average, equities analysts anticipate that International Petroleum Co. will post 0.1677866 earnings per share for the current fiscal year.

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. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.