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International Petroleum (IPCO) Given Buy Rating at GMP Securities

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GMP Securities reiterated their buy rating on shares of International Petroleum (TSE:IPCO) in a research note published on Monday morning. GMP Securities currently has a C$10.00 target price on the stock.

Separately, BMO Capital Markets raised their price target on International Petroleum from C$8.35 to C$8.50 in a research report on Tuesday, October 9th.

TSE:IPCO opened at C$4.73 on Monday. International Petroleum has a 12-month low of C$4.03 and a 12-month high of C$9.54. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 57.61.

In related news, insider Rebecca Gordon purchased 5,500 shares of International Petroleum stock in a transaction dated Monday, November 26th. The shares were acquired at an average cost of C$4.61 per share, for a total transaction of C$25,355.00.

International Petroleum Company Profile

International Petroleum Corporation operates as an oil and gas exploration and production company in Europe and South East Asia. The company holds interests in a portfolio of oil and gas assets located in Bertam, Malaysia; Paris and Aquitaine Basins, France; and the Netherlands. As at December 31, 2017, it had proved and probable reserves of 129.1 million barrels of oil equivalents.

Further Reading: Analyst Ratings Trading

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