Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
International Petroleum Corporation ( (TSE:IPCO) ) has issued an update.
International Petroleum Corporation announced the repurchase of 122,427 common shares under its normal course issuer bid (NCIB) from June 9 to 13, 2025. This initiative, compliant with EU and Canadian regulations, is part of IPC’s strategy to manage its share capital effectively. The repurchased shares will be canceled, reducing the total number of outstanding shares and potentially increasing shareholder value. Since the NCIB’s commencement in December 2024, IPC has repurchased over 6.3 million shares, with a maximum of 7.4 million shares allowed for repurchase until December 2025.
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.
The overall stock score is driven by solid financial performance and strong earnings call indicators, reflecting operational efficiency and strategic project advancements. Challenges include negative free cash flow and market volatility, alongside valuation concerns due to the P/E ratio and lack of dividend yield. Technical indicators suggest a potential pullback despite recent bullish momentum.
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, incorporated in Canada, and its shares are listed on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol ‘IPCO’.
Average Trading Volume: 102,324
Technical Sentiment Signal: Buy
Current Market Cap: C$2.6B
See more data about IPCO stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue