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An announcement from International Petroleum Corporation ( (TSE:IPCO) ) is now available.
International Petroleum Corporation (IPC) announced the repurchase of 76,000 common shares under its normal course issuer bid (NCIB) from July 1 to 4, 2025. This initiative, which aligns with EU and Canadian regulations, involves repurchasing shares on both the Nasdaq Stockholm and the Toronto Stock Exchange, with the aim to cancel them, thereby reducing the number of outstanding shares. As of July 4, 2025, IPC has repurchased a total of 6,392,351 shares since the NCIB’s inception, with a maximum limit set at 7,465,356 shares by December 4, 2025. This strategic move is expected to optimize shareholder value and enhance the company’s market positioning.
The most recent analyst rating on (TSE:IPCO) stock is a Buy with a C$140.00 price target. To see the full list of analyst forecasts on International Petroleum Corporation stock, see the TSE:IPCO Stock Forecast page.
Spark’s Take on TSE:IPCO Stock
According to Spark, TipRanks’ AI Analyst, TSE:IPCO is a Outperform.
International Petroleum Corporation’s stock score reflects its robust financial stability and strategic initiatives like share buybacks and effective hedging. Despite technical bullish indicators, valuation concerns and negative free cash flow pose challenges. The company must improve revenue growth and manage debt to enhance its financial outlook.
To see Spark’s full report on TSE:IPCO stock, click here.
More about International Petroleum Corporation
International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high-quality portfolio of assets located in Canada, Malaysia, and France. It is a member of the Lundin Group of Companies and is incorporated in Canada. IPC’s shares are listed on the Toronto Stock Exchange and the Nasdaq Stockholm exchange under the symbol ‘IPCO’.
Average Trading Volume: 105,518
Technical Sentiment Signal: Buy
Current Market Cap: C$2.47B
See more data about IPCO stock on TipRanks’ Stock Analysis page.