TD Cowen Begins Coverage on International Petroleum (OTCMKTS:IPCFF)

Investment analysts at TD Cowen started coverage on shares of International Petroleum (OTCMKTS:IPCFF) in a report released on Friday, Briefing.com reports. The brokerage set a “hold” rating on the stock.

Separately, Scotiabank raised International Petroleum from a “sector perform” rating to an “outperform” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

International Petroleum Stock Up 2.3%

Shares of OTCMKTS IPCFF opened at $26.84 on Friday. The business’s 50 day moving average is $23.50 and its two-hundred day moving average is $24.76. International Petroleum has a 12 month low of $14.91 and a 12 month high of $32.46.

About International Petroleum

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.