International Petroleum Corporation Reports Share Repurchase Progress

The latest announcement is out from International Petroleum Corporation ( (TSE:IPCO) ).

International Petroleum Corporation (IPC) announced the repurchase of 275,160 IPC common shares under its normal course issuer bid (NCIB) program from May 1 to 9, 2025. The repurchases were made on the Nasdaq Stockholm and the Toronto Stock Exchange, with all shares to be canceled. This initiative is part of IPC’s strategy to manage its capital structure and enhance shareholder value. The NCIB allows for the repurchase of up to 7,465,356 shares by December 4, 2025, reflecting IPC’s commitment to returning capital to shareholders and optimizing its financial position.

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’s stock reflects a cautious outlook. The company’s strategic investments and stable capital structure are offset by declining profitability, negative free cash flow, and high valuation. Market conditions and commodity price risks pose challenges to near-term performance, but long-term growth strategies and operational resilience add some positive prospects.

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: 110,543

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$2.25B

For a thorough assessment of IPCO stock, go to TipRanks’ Stock Analysis page.