International Petroleum Corporation ( (TSE:IPCO) ) has shared an update.
International Petroleum Corporation (IPC) announced the repurchase of 206,940 common shares from April 1 to 4, 2025, as part of its normal course issuer bid (NCIB) program. This initiative, conducted in compliance with EU and Canadian regulations, involved repurchasing shares on both Nasdaq Stockholm and the Toronto Stock Exchange, with the repurchased shares set to be canceled. Since the program’s inception in December 2024, IPC has repurchased over 4.7 million shares, aiming to buy back up to 7.46 million shares by December 2025. This move is part of IPC’s strategy to enhance shareholder value and optimize its capital structure.
Spark’s Take on TSE:IPCO Stock
According to Spark, TipRanks’ AI Analyst, TSE:IPCO is a Neutral.
International Petroleum Corporation displays a balanced profile with strong technical indicators and strategic investments, yet faces challenges in profitability and cash flow. The company’s focus on long-term growth and its stable capital structure support a moderately positive outlook, although risks from negative free cash flow and market conditions persist.
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 (TSX) and the Nasdaq Stockholm exchange under the symbol ‘IPCO’.
YTD Price Performance: -1.43%
Average Trading Volume: 105,878
Technical Sentiment Signal: Sell
Current Market Cap: C$2.02B
For a thorough assessment of IPCO stock, go to TipRanks’ Stock Analysis page.