International Petroleum (TSE:IPC) Raised to “Strong-Buy” at Atb Cap Markets

Atb Cap Markets upgraded shares of International Petroleum (TSE:IPC) from a hold rating to a strong-buy rating in a research note published on Wednesday, Zacks.com reports. Atb Cap Markets also issued estimates for International Petroleum’s Q3 2024 earnings at $0.34 EPS, Q4 2024 earnings at $0.33 EPS and FY2024 earnings at $1.51 EPS.

Separately, BMO Capital Markets raised International Petroleum to a “hold” rating in a research note on Thursday, August 22nd.

International Petroleum Price Performance

International Petroleum (TSE:IPC) last released its earnings results on Tuesday, July 30th. The company reported C$0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.49. The firm had revenue of C$299.70 million during the quarter, compared to analyst estimates of C$344.25 million.