International Petroleum Corporation (IPCO) AI Stock Analysis

• Market Cap: C$2.73B
• Dividend Yield: N/A
• Average Volume (3M): 109.84K
• Price to Earnings (P/E): 60.1
• Beta (1Y): 1.17
• 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: 112,180,060
• 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$25.25
• Price Target Upside: 4.21% 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 is facing challenges with declining revenue and profitability margins, yet it maintains a stable balance sheet with moderate leverage. Cash flow generation is strong, but negative free cash flow remains a concern. The company needs to address revenue growth and profitability to improve its financial standing.

Income Statement

The company has shown a decline in revenue growth with a negative trend in recent periods, particularly a -8.38% in TTM. Margins have also decreased, with the gross profit margin dropping from 42.46% in 2023 to 22.55% in TTM. Despite these challenges, the company maintains a positive net profit margin of 9.59% in TTM, indicating some level of profitability.

Balance Sheet

The debt-to-equity ratio has increased slightly to 0.50 in TTM, indicating a moderate level of leverage. Return on equity has decreased to 8.68% in TTM from 16.01% in 2023, reflecting reduced profitability. The equity ratio remains stable, suggesting a balanced capital structure.

Cash Flow

The company has experienced a significant improvement in free cash flow growth at 24.55% in TTM, yet it remains negative. The operating cash flow to net income ratio is healthy at 1.52 in TTM, indicating strong cash generation relative to net income. However, the negative free cash flow to net income ratio highlights ongoing cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	835.55M	913.18M	853.91M	1.13B	741.03M	340.84M
Gross Profit	139.31M	210.17M	362.60M	652.31M	243.91M	-82.00M
EBITDA	246.54M	310.01M	365.28M	620.26M	311.45M	26.92M
Net Income	35.73M	102.20M	172.95M	337.68M	146.03M	-77.94M
Balance Sheet
Total Assets	2.74B	1.95B	2.06B	1.68B	1.27B	1.33B
Cash, Cash Equivalents and Short-Term Investments	62.14M	246.59M	517.07M	483.24M	18.81M	6.50M
Total Debt	663.32M	448.28M	446.97M	308.84M	112.69M	326.15M
Total Liabilities	1.46B	1.01B	982.73M	714.29M	426.13M	624.67M
Stockholders Equity	1.28B	939.32M	1.08B	965.14M	847.39M	708.32M
Cash Flow
Free Cash Flow	-167.27M	-168.99M	32.91M	444.00M	236.95M	-938.00K
Operating Cash Flow	266.30M	266.09M	346.15M	601.82M	281.18M	77.15M
Investing Cash Flow	-433.34M	-434.86M	-352.47M	-157.81M	-44.23M	-105.79M
Financing Cash Flow	-97.39M	-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: Positive
• RSI: Neutral
• STOCH: Neutral

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 25.98, below the 50-day MA of 24.67, and above the 200-day MA of 22.59, indicating a neutral trend. The MACD of -0.28 indicates Positive momentum. The RSI at 45.43 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, 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
NVA	74 Outperform	C$3.42B	10.91	13.57%	―	-6.14%	14.09%
TVE	73 Outperform	C$3.76B	-40.38	-4.70%	1.97%	-1.36%	-149.45%
FRU	69 Neutral	C$2.45B	18.51	13.00%	7.11%	2.52%	-8.32%
ATH	68 Neutral	C$3.35B	7.72	27.19%	―	3.04%	115.77%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
POU	65 Neutral	C$3.39B	2.49	41.81%	2.92%	-32.36%	282.99%
IPCO	60 Neutral	C$2.73B	60.11	3.59%	―	-9.12%	-70.87%

International Petroleum Corporation Corporate Events

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.

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.

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.

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.

International Petroleum Corporation Completes Share Repurchase Program

International Petroleum Corporation (IPC) has completed its annual normal course issuer bid (NCIB), repurchasing and canceling approximately 6.2% of its total outstanding common shares. The company plans to renew the NCIB for another year, allowing for the purchase and cancellation of up to 6.5 million shares, subject to approval by the Toronto Stock Exchange. This strategic move is in line with IPC’s efforts to manage its share capital effectively and potentially enhance shareholder value.

International Petroleum Corp. Completes $450 Million Bond Placement

International Petroleum Corporation (IPC) has successfully completed a private placement of USD 450 million in senior unsecured bonds with a five-year tenor and a fixed coupon rate of 7.50 percent per annum. The proceeds will be used to fully repay IPC’s existing bond issue, with plans to list the new bonds on the Oslo Stock Exchange. This strategic move is part of IPC’s prudent business stewardship, allowing the company to refinance and extend the maturity of its bonds to October 2030. IPC’s operational and financial performance in 2025 has been strong, bolstered by the ongoing Blackrod Phase 1 development project.

International Petroleum Corporation Plans Bond Issuance to Refinance Existing Debt

International Petroleum Corporation (IPC) announced plans to arrange fixed income investor meetings for a potential issuance of rated senior unsecured bonds. The proposed bond issuance, subject to market conditions, aims to refinance IPC’s existing USD 450 million bond, which is rated B+ by S&P Global Ratings and B1 by Moody’s. This strategic financial move is intended to optimize IPC’s debt structure, potentially impacting its market positioning and providing stability for stakeholders.

International Petroleum Corporation Reports Share Repurchase Activity

International Petroleum Corporation (IPC) announced the repurchase of 59,454 common shares between September 15 and 19, 2025, as part of its normal course issuer bid (NCIB) program. The repurchases, conducted on Nasdaq Stockholm and the Toronto Stock Exchange, are part of IPC’s strategy to manage its share capital effectively. The repurchased shares will be canceled, reducing the total number of issued and outstanding shares. This move reflects IPC’s commitment to enhancing shareholder value and optimizing its capital structure.

International Petroleum Corporation Reports Share Repurchase Progress

International Petroleum Corporation (IPC) announced the results of its normal course issuer bid, repurchasing a total of 98,176 common shares between September 8 and 12, 2025. The repurchases were conducted on both the Nasdaq Stockholm and the Toronto Stock Exchange, with all shares set to be canceled. This move is part of IPC’s ongoing strategy to manage its share capital and potentially enhance shareholder value. Since the start of the program in December 2024, IPC has repurchased over 7.2 million shares, nearing the maximum allowed under the current bid.

International Petroleum Corp. Reports on Share Repurchase Program

International Petroleum Corporation (IPC) announced the results of its normal course issuer bid, repurchasing a total of 107,588 common shares between September 1 to 5, 2025. The repurchase program, which began in December 2024, is aligned with EU and Canadian regulations and aims to enhance shareholder value by reducing the number of outstanding shares. This strategic move reflects IPC’s commitment to optimizing its capital structure and may positively impact its market positioning by demonstrating financial strength and confidence in its operations.