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The latest announcement is out from International Petroleum Corporation ( (TSE:IPCO) ).
International Petroleum Corporation (IPC) announced the repurchase of 144,952 common shares as part of its normal course issuer bid (NCIB) between August 11 and 15, 2025. The share repurchase program, compliant with 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 6,636,203 shares since the NCIB’s inception in December 2024, with a maximum of 7,465,356 shares allowed for repurchase 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 stock score is driven by solid financial stability and technical strength, despite valuation concerns. The company’s strategic investments and operational efficiency are positive, but challenges in revenue growth and free cash flow generation need addressing. The high P/E ratio suggests potential overvaluation, impacting the 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: 96,173
Technical Sentiment Signal: Buy
Current Market Cap: C$2.77B
Find detailed analytics on IPCO stock on TipRanks’ Stock Analysis page.