International Petroleum Corporation Reports Share Repurchase Progress

International Petroleum Corporation ( (TSE:IPCO) ) has provided an announcement.

International Petroleum Corporation (IPC) announced the repurchase of 98,900 common shares as part of its normal course issuer bid (NCIB) from August 4 to 8, 2025. This initiative, in compliance with relevant EU and Canadian regulations, aims to enhance shareholder value by reducing the number of outstanding shares. The repurchased shares will be canceled, and IPC has repurchased a total of 6,491,251 shares since December 2024, nearing its maximum limit of 7,465,356 shares by 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.

International Petroleum Corporation’s overall stock score reflects a solid financial foundation with robust operational performance and strategic investments. The positive technical indicators and proactive corporate events, such as share repurchases, bolster the score. However, challenges in valuation and cash flow generation slightly temper the outlook.

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 part of the Lundin Group of Companies and is incorporated in Canada, with shares listed on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol ‘IPCO’.

Average Trading Volume: 97,374

Technical Sentiment Signal: Buy

Current Market Cap: C$2.7B

For an in-depth examination of IPCO stock, go to TipRanks’ Overview page.