International Petroleum Corp reports results for the quarter ended March 31 - Earnings Summary

• International Petroleum Corp IPCOR.ST reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of four analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 9 cents to 21 cents per share.

• Revenue fell 13.5% to $178.49 million from a year ago; analysts expected $178.53 million.

• International Petroleum Corp's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $16.23 million.

• International Petroleum Corp shares had fallen by 14.4% this quarter and gained 9.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 39.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for International Petroleum Corp is C$22.25

This summary was machine generated from LSEG data May 6 at 12:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)