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International Petroleum Corporation ( (TSE:IPCO) ) has shared an announcement.
International Petroleum Corporation (IPC) announced the repurchase of 134,300 common shares under its normal course issuer bid (NCIB) from May 19 to 23, 2025. This initiative is part of a broader strategy to buy back up to 7,465,356 shares by December 4, 2025, aimed at enhancing shareholder value. The repurchased shares will be cancelled, reducing the total number of outstanding shares and potentially increasing the value of remaining shares. This move reflects IPC’s commitment to optimizing its capital structure and returning value to shareholders.
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 Neutral.
International Petroleum Corporation demonstrates solid financial health with strong balance sheet and operational efficiency. However, challenges such as declining revenue, negative free cash flow, and market volatility impact the outlook. The stock’s valuation appears high, and technical indicators suggest neutral to bearish momentum, contributing to a moderate overall score.
To see Spark’s full report on TSE:IPCO stock, click here.
More about International Petroleum Corporation
International Petroleum Corporation (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: 105,064
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.2B
Learn more about IPCO stock on TipRanks’ Stock Analysis page.