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BMO Capital’s Take on This Canadian Energy Stock


Wall Street analyst has provided a review for the Materials company on October 8, but retained the same rating on the stock. Analyst David Round remains bullish on International Petroleum Corporation (TSX: IPCO) and has a C$8.50 price target.

According to TipRanks.com, Round is a 3-star analyst with an average return of 10.5% and a 68.8% success rate. Round covers the Basic Materials sector, focusing on stocks such as Gran Tierra Energy, Africa Oil Corp, and Genel Energy.

Currently, the analyst consensus on International Petroleum Corporation is a Strong Buy with an average price target of C$10.33, a 55.3% upside from current levels. In a report issued on September 27, Scotiabank also reiterated a Buy rating on the stock with a C$11.50 price target.

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The company has a one-year high of C$9.54 and a one-year low of C$5.05. Currently, International Petroleum Corporation has an average volume of 5,014.

International Petroleum Corp. (British Columbia) engages in the exploration and production of oil and gas. It operates through the following geographical segments: Malaysia, France, Netherlands, and Other. The company was founded by Adolf Lundin on January 13, 2017 and is headquartered in Vancouver, Canada.

The company’s shares closed on Thursday at C$6.65.