International Petroleum Co. (TSE:IPCO – Get Free Report)’s stock price shot up 0.7% during trading on Tuesday . The stock traded as high as C$19.08 and last traded at C$18.99. 100,542 shares changed hands during trading, an increase of 32% from the average session volume of 76,357 shares. The stock had previously closed at C$18.85.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of International Petroleum from C$18.00 to C$20.00 in a research report on Tuesday, January 14th. ATB Capital raised International Petroleum from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$21.00 to C$22.00 in a report on Wednesday, October 16th.
Get Our Latest Analysis on IPCO
International Petroleum Stock Up 0.7 %
Insiders Place Their Bets
In other International Petroleum news, Director William A.W. Lundin acquired 6,250 shares of International Petroleum stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of C$15.39 per share, for a total transaction of C$96,187.50. Insiders own 35.60% of the company’s stock.
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.
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