International Petroleum (OTCMKTS:IPCFF) Trading Down 0.1% – Should You Sell?

Shares of International Petroleum Co. (OTCMKTS:IPCFF) dropped 0.1% during trading on Tuesday . The stock traded as low as $18.27 and last traded at $18.27. Approximately 1,819 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 10,578 shares. The stock had previously closed at $18.28.

Analyst Ratings Changes

IPCFF has been the topic of a number of recent research reports. Royal Bank Of Canada started coverage on International Petroleum in a research report on Tuesday, September 2nd. They set a “sector perform” rating on the stock. Scotiabank reissued a “sector perform” rating on shares of International Petroleum in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

International Petroleum Trading Down 0.1%

The firm’s fifty day simple moving average is $17.90 and its 200 day simple moving average is $17.30.

International Petroleum Company Profile

International Petroleum Corporation (OTCMKTS: IPCFF) is an independent upstream oil and gas company focused on acquiring, exploring, developing and producing hydrocarbon assets in Southeast Asia and Europe. Headquartered in Singapore, the company builds value through selective exploration and development projects that leverage its operational expertise and strategic partnerships.

The company’s core producing assets are located offshore in the Gulf of Thailand, where it holds interests in the S1 and S2 concessions.