International Petroleum (TSE:IPCO) Director William A.W. Lundin Purchases 33,000 Shares of Stock

International Petroleum Co. (TSE:IPCO) Director William A.W. Lundin bought 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was bought at an average price of C$30.69 per share, for a total transaction of C$1,012,770.00. Following the acquisition, the director directly owned 624,012 shares of the company’s stock, valued at C$19,150,928.28. The trade was a 5.58% increase in their position.

International Petroleum Price Performance

Shares of IPCO opened at C$31.24 on Friday. The firm has a market cap of C$3.52 billion, a PE ratio of 142.00 and a beta of 0.09. The company has a current ratio of 0.79, a quick ratio of 3.93 and a debt-to-equity ratio of 58.61. The firm has a fifty day simple moving average of C$32.19 and a two-hundred day simple moving average of C$33.26. International Petroleum Co. has a 1-year low of C$20.74 and a 1-year high of C$39.47.

International Petroleum (TSE:IPCO) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$0.13 earnings per share (EPS) for the quarter. International Petroleum had a return on equity of 2.73% and a net margin of 3.51%.The firm had revenue of C$263.89 million for the quarter. On average, equities analysts anticipate that International Petroleum Co. will post 0.1677866 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. National Bank Financial set a C$45.00 target price on International Petroleum and gave the stock a “sector perform” rating in a research report on Monday, May 4th. Scotiabank set a C$38.00 price target on shares of International Petroleum and gave the company a “sector outperform” rating in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, International Petroleum presently has an average rating of “Moderate Buy” and a consensus target price of C$38.25.

About International Petroleum

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.