International Petroleum Corporation Completes Share Repurchase Under NCIB

International Petroleum Corporation ( (TSE:IPCO) ) has shared an update.

International Petroleum Corporation announced the repurchase of 146,900 common shares under its normal course issuer bid (NCIB) during May 12-16, 2025. This initiative is part of a broader program announced in December 2024, allowing IPC to repurchase up to 7,465,356 shares over a year. The repurchased shares will be canceled, impacting the total number of outstanding shares and potentially enhancing shareholder value. This strategic move reflects IPC’s commitment to optimizing its capital structure and returning value to shareholders.

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 reflects a balanced outlook with stable profitability and robust financial health. However, challenges like declining revenue growth and negative free cash flow, along with a high P/E ratio, limit upside potential. The recent earnings call provided positive operational insights, but financial risks remain.

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, incorporated in Canada, with shares listed on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol ‘IPCO’.

Average Trading Volume: 110,618

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$2.26B

Find detailed analytics on IPCO stock on TipRanks’ Stock Analysis page.