William A.W. Lundin Buys 6,250 Shares of International Petroleum Co. (TSE:IPCO) Stock

International Petroleum Co. (TSE:IPCO) Director William A.W. Lundin acquired 6,250 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of C$15.39 per share, for a total transaction of C$96,187.50.

International Petroleum Price Performance

Shares of IPCO stock opened at C$16.14 on Friday. The stock’s fifty day moving average is C$15.58 and its 200-day moving average is C$17.47. The company has a debt-to-equity ratio of 43.56, a quick ratio of 3.93 and a current ratio of 2.97. International Petroleum Co. has a 52 week low of C$13.36 and a 52 week high of C$20.59. The stock has a market capitalization of C$1.94 billion, a PE ratio of 8.49 and a beta of 2.38.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IPCO. BMO Capital Markets lowered their price target on International Petroleum from C$22.00 to C$20.00 in a research report on Friday, October 4th. ATB Capital raised shares of International Petroleum from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$21.00 to C$22.00 in a report on Wednesday, October 16th.

About International Petroleum

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is based in Vancouver, Canada.