International Petroleum Corporation (IPCO) AI Stock Analysis

• Market Cap: C$2.86B
• Dividend Yield: N/A
• Average Volume (3M): 109.84K
• Price to Earnings (P/E): 63.4
• Beta (1Y): 1.06
• Revenue Growth: -9.12%
• EPS Growth: -70.87%
• Country: CA
• Employees: 297
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.04
• Shares Outstanding: 112,155,525
• 10 Day Avg. Volume: 83,477
• 30 Day Avg. Volume: 109,844
• PEG Ratio: -0.39
• Price to Book (P/B): 1.54
• Price to Sales (P/S): 1.59
• P/FCF Ratio: -8.58
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$24.75
• Price Target Upside: 2.15% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: C$25.00 ▲(3.18% Upside)

The overall stock score of 60 reflects moderate financial performance and technical analysis, with valuation concerns due to a high P/E ratio. The positive earnings call, highlighting operational successes and strategic developments, provides some optimism. However, cash flow challenges and increased debt remain significant risks.

Positive Factors

Production Outperformance

Exceeding production guidance indicates strong operational capabilities and efficiency, enhancing revenue potential and market position.

Blackrod Phase 1 Development

Early completion of major projects like Blackrod can accelerate revenue generation and improve competitive positioning in the market.

Successful Refinancing

Refinancing at favorable terms extends debt maturity, enhancing financial flexibility and reducing short-term liquidity risks.

Negative Factors

Negative Free Cash Flow

Negative free cash flow indicates potential liquidity challenges, limiting the company's ability to invest in growth or return capital to shareholders.

Increased CapEx

Higher capital expenditures can strain financial resources and may impact profitability if not matched by proportional revenue growth.

Net Debt Increase

Rising net debt levels can increase financial risk and interest obligations, potentially affecting long-term financial stability.

International Petroleum Corporation Business Overview & Revenue Model

Company Description

International Petroleum Corporation (IPCO) is a global oil and gas exploration and production company engaged in the development of petroleum resources. The company focuses on acquiring, exploring, and producing oil and natural gas in various regions, with a portfolio that spans multiple countries. IPCO aims to leverage advanced technologies and experienced management to optimize production and enhance operational efficiencies in the upstream sector of the energy market.

How the Company Makes Money

International Petroleum Corporation generates revenue primarily through the exploration, production, and sale of crude oil and natural gas. The company's revenue model is largely based on the volume of hydrocarbons produced and sold, as well as the prevailing market prices for these commodities. Key revenue streams include direct sales of oil and gas, as well as potential revenue from joint ventures and partnerships in exploration projects. IPCO may also benefit from strategic alliances with other energy companies, which can provide access to new markets and technologies, thereby enhancing its overall profitability. Additionally, the company may engage in hedging strategies to mitigate the impact of price volatility in the oil and gas markets, ensuring more stable revenue flows.

International Petroleum Corporation Financial Statement Overview

Summary

International Petroleum Corporation shows moderate financial health. Revenue growth is positive, but profitability margins have declined, and cash flow challenges are evident. The balance sheet remains stable with moderate leverage, but the company needs to address profitability and cash flow issues to improve its financial standing.

Income Statement

International Petroleum Corporation's income statement reflects moderate performance. The TTM data shows a gross profit margin of 18.55% and a net profit margin of 6.59%, indicating some profitability but lower than previous years. Revenue growth is positive at 3.25% TTM, but margins have decreased compared to the past, suggesting pressure on profitability. The EBIT and EBITDA margins are also lower than historical figures, indicating potential operational challenges.

Balance Sheet

The balance sheet shows a stable financial position with a debt-to-equity ratio of 0.47 TTM, indicating moderate leverage. The return on equity is 5.56% TTM, which is lower than previous years, suggesting reduced profitability from equity. The equity ratio remains healthy at around 46.8%, indicating a solid capital structure.

Cash Flow

Cash flow analysis reveals some concerns, with negative free cash flow TTM and a free cash flow to net income ratio of -0.55, indicating cash flow challenges. However, the operating cash flow to net income ratio is 1.32, showing that operating activities are generating cash, albeit at a reduced rate compared to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	770.95M	913.18M	853.91M	1.13B	741.03M	340.84M
Gross Profit	131.18M	210.17M	362.60M	652.31M	243.91M	-82.00M
EBITDA	224.65M	310.01M	365.28M	620.26M	311.45M	26.92M
Net Income	34.24M	102.20M	172.95M	337.68M	146.03M	-77.94M
Balance Sheet
Total Assets	1.97B	1.95B	2.06B	1.68B	1.27B	1.33B
Cash, Cash Equivalents and Short-Term Investments	44.55M	246.59M	517.07M	483.24M	18.81M	6.50M
Total Debt	475.59M	448.28M	446.97M	308.84M	112.69M	326.15M
Total Liabilities	1.04B	1.01B	982.73M	714.29M	426.13M	624.67M
Stockholders Equity	919.09M	939.32M	1.08B	965.14M	847.39M	708.32M
Cash Flow
Free Cash Flow	-152.69M	-168.99M	32.91M	444.00M	236.95M	-938.00K
Operating Cash Flow	249.44M	266.09M	346.15M	601.82M	281.18M	77.15M
Investing Cash Flow	-402.18M	-434.86M	-352.47M	-157.81M	-44.23M	-105.79M
Financing Cash Flow	-99.24M	-107.10M	37.56M	11.11M	-224.58M	19.91M

International Petroleum Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 24.23
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IPCO, the sentiment is Positive. The current price of 24.23 is below the 20-day moving average (MA) of 24.86, below the 50-day MA of 25.64, and above the 200-day MA of 22.92, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 57.05 is Neutral, neither overbought nor oversold. The STOCH value of 82.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IPCO.

International Petroleum Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HWX	79 Outperform	C$2.39B	13.76	23.55%	4.58%	6.44%	-6.74%
BTE	75 Outperform	$3.60B	16.80	5.16%	2.07%	-8.89%	―
FRU	75 Outperform	$2.54B	19.18	13.00%	7.05%	2.52%	-8.32%
NVA	74 Outperform	C$3.57B	11.32	13.57%	―	-6.14%	14.09%
ATH	68 Neutral	C$3.35B	7.79	27.19%	―	3.04%	115.77%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
IPCO	60 Neutral	C$2.86B	63.41	3.59%	―	-9.12%	-70.87%

International Petroleum Corporation Corporate Events

IPC Starts Steam Injection at Blackrod Phase 1 Ahead of First Oil in 2026

International Petroleum Corporation has begun steam injection at its 100%-owned Blackrod Phase 1 heavy oil development in Canada, marking a key milestone toward first oil production, which the company continues to forecast for the third quarter of 2026, one quarter earlier than initially guided. The project, which targets plateau production of 30,000 barrels of oil per day within a regulatory framework that allows up to 80,000 barrels per day, remains on budget with forecast growth capital expenditure of USD 850 million, of which about 92% had been spent by the end of the third quarter of 2025; the scale of Blackrod’s reserves and contingent resources underscores its strategic importance to IPC’s long-term production growth and cash flow profile.

The most recent analyst rating on (TSE:IPCO) stock is a Hold with a C$25.00 price target. To see the full list of analyst forecasts on International Petroleum Corporation stock, see the TSE:IPCO Stock Forecast page.

International Petroleum Corp. Secures TSX Approval for Share Buyback

International Petroleum Corporation (IPC) has received approval from the Toronto Stock Exchange to renew its normal course issuer bid (NCIB), allowing the company to repurchase up to 6,468,077 common shares, which represents approximately 5.8% of its outstanding shares. This move is intended to reduce the company’s outstanding share capital and is seen as an effective use of capital to return value to shareholders. The repurchase will be conducted through the TSX and Nasdaq Stockholm, with the actual number of shares and timing of purchases determined by IPC, and all acquired shares will be canceled.

The most recent analyst rating on (TSE:IPCO) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on International Petroleum Corporation stock, see the TSE:IPCO Stock Forecast page.

International Petroleum Corporation Reports Strong Q3 2025 Results and Advances Blackrod Project

International Petroleum Corporation reported strong financial and operational results for the third quarter of 2025, with production exceeding guidance and significant progress on the Blackrod Phase 1 development. The project is ahead of schedule, with first steam expected by the end of 2025 and first oil by Q3 2026, enhancing IPC’s operational capabilities and market positioning. Additionally, the company completed its NCIB program, reducing common shares by 6.2%, and successfully refinanced MUSD 450 of bonds, extending maturity to 2030.

The most recent analyst rating on (TSE:IPCO) stock is a Hold with a C$23.00 price target. To see the full list of analyst forecasts on International Petroleum Corporation stock, see the TSE:IPCO Stock Forecast page.

International Petroleum Corporation Announces Q3 2025 Results Release

International Petroleum Corporation is set to release its third quarter 2025 financial and operational results on November 4, 2025. The announcement will include a discussion and analysis by the company’s President and CEO, William Lundin, and CFO, Christophe Nerguararian, providing insights into the company’s performance and developments. This release is significant for stakeholders as it will offer a detailed view of IPC’s financial health and operational progress, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (TSE:IPCO) stock is a Hold with a C$23.00 price target. To see the full list of analyst forecasts on International Petroleum Corporation stock, see the TSE:IPCO Stock Forecast page.

International Petroleum Corporation Updates Share Capital Structure

International Petroleum Corporation announced the cancellation of 24,538 common shares repurchased under its share repurchase program, resulting in a total of 112,155,527 issued and outstanding common shares with voting rights as of October 31, 2025. This update reflects IPC’s strategic financial management and could influence its market positioning by potentially enhancing shareholder value.

The most recent analyst rating on (TSE:IPCO) stock is a Hold with a C$23.00 price target. To see the full list of analyst forecasts on International Petroleum Corporation stock, see the TSE:IPCO Stock Forecast page.