Ryan Adair Acquires 15,500 Shares of International Petroleum Co. (TSE:IPCO) Stock

International Petroleum Co. (TSE:IPCO) Senior Officer Ryan Adair purchased 15,500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of C$18.89 per share, for a total transaction of C$292,795.00.

International Petroleum Trading Down 2.2 %

IPCO traded down C$0.33 during mid-day trading on Friday, reaching C$14.87. The stock had a trading volume of 33,001 shares, compared to its average volume of 66,016. The stock has a market capitalization of C$1.79 billion, a P/E ratio of 7.80 and a beta of 2.38. International Petroleum Co. has a 52 week low of C$13.23 and a 52 week high of C$20.59. The company has a debt-to-equity ratio of 43.56, a quick ratio of 3.93 and a current ratio of 2.97. The firm’s fifty day simple moving average is C$16.99 and its two-hundred day simple moving average is C$18.09.

Analyst Upgrades and Downgrades

IPCO has been the subject of a number of research analyst reports. BMO Capital Markets cut their target price on shares of International Petroleum from C$22.00 to C$20.00 in a research note on Friday, October 4th. Scotiabank increased their target price on International Petroleum from C$20.00 to C$21.00 in a report on Friday, July 12th. Finally, ATB Capital raised 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.