International Petroleum (TSE:IPCO) Given a C$26.00 Price Target by Royal Bank Of Canada Analysts

International Petroleum (TSE:IPCO) received a C$26.00 price target from research analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 4.50% from the company’s previous close.

Separately, Scotiabank raised their price objective on International Petroleum from C$20.00 to C$23.00 and gave the company a “sector perform” rating in a report on Friday, June 20th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$22.75.

International Petroleum Stock Performance

Shares of TSE IPCO opened at C$24.88 on Tuesday. The stock has a market cap of C$2.80 billion, a price-to-earnings ratio of 56.55 and a beta of 1.06. The company has a current ratio of 1.92, a quick ratio of 3.93 and a debt-to-equity ratio of 47.72. International Petroleum has a 1-year low of C$14.42 and a 1-year high of C$25.93. The stock’s 50-day moving average is C$23.50 and its 200 day moving average is C$21.28.

Insider Buying and Selling

In related news, insider International Petroleum Corporation purchased 60,000 shares of the firm’s stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of C$22.13 per share, with a total value of C$1,327,800.00. 35.60% of the stock is owned by company insiders.

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.