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International Petroleum Corporation ( (TSE:IPCO) ) has issued an announcement.
International Petroleum Corporation (IPC) announced the results of its normal course issuer bid (NCIB), revealing that it repurchased a total of 125,600 common shares between June 2 and June 6, 2025. These repurchases, conducted on both the Nasdaq Stockholm and the Toronto Stock Exchange, are part of IPC’s ongoing share repurchase program, which allows for the repurchase of up to 7,465,356 shares over a twelve-month period. The repurchased shares will be canceled, reducing the total number of issued and outstanding shares. This move is part of IPC’s strategy to manage its capital structure and potentially enhance shareholder value.
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 Outperform.
The overall stock score is driven by a solid financial foundation and positive technical indicators, which are supported by strategic corporate actions such as share buybacks. However, challenges like declining revenue growth, negative free cash flow, and increased net debt moderate the 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: 97,051
Technical Sentiment Signal: Buy
Current Market Cap: C$2.35B
See more data about IPCO stock on TipRanks’ Stock Analysis page.
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