International Petroleum Corporation AI Stock Analysis
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International Petroleum Corporation (IPCO) AI Stock Analysis
International Petroleum Corporation
(TSX:IPCO)
The score is primarily held back by weak cash conversion (negative TTM free cash flow) and a high P/E valuation. Offsetting these, the earnings call was notably constructive with maintained production guidance, improving leverage, and positive free-cash-flow outlook, while technicals indicate near-term price weakness below key moving averages.
International Petroleum Corporation (IPCO) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 4.34B
- Dividend Yield
- ―
- Average Volume (3M)
- 151.99K
- Price to Earnings (P/E)
- 37.8
- Beta (1Y)
- 0.10
- Revenue Growth
- 11.15%
- EPS Growth
- 132.32%
- Country
- Canada
- Employees
- 297
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Exploration & Production
International Petroleum Corporation Business Overview & Revenue Model
Company Description
International Petroleum Corporation, established in 2017, is headquartered in Vancouver, Canada. This company is actively engaged in the exploration, development, and production of crude oil and natural gas. It maintains a collection of energy assets...
International Petroleum Corporation Earnings Call Summary
The call was strongly positive. Management reported production in line with guidance, a successful Blackrod ramp-up, strong oil-price exposure, positive free cash flow, improved net debt and leverage, substantial liquidity, and continued shareholder returns. The main challenges were higher Q3 unit costs, weak gas prices, patchy initial Blackrod sales and the absence of a completed M&A transaction, but these issues were outweighed by the operational and financial progress described.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For 2026, production guidance is maintained and unchanged at 44,000 to 47,000 barrels of oil equivalent per day, a full year average, with Q4 expected to bring overall production within the range; full year OpEx is maintained at $18 to $20, capital expenditure guidance has been upped from $163 million to $185 million, full year operating cash flow forecast is $275 million to $350 million assuming $80 to $110 per barrel Brent for the remainder of the year, and full year free cash flow guidance is amended to $35 million to $110 million. Blackrod is expected to reach nameplate production of 30,000 barrels of oil equivalent per day by the end of 2027, with current spot rates in excess of 10,000 barrels per day and around 18 well pairs online, while exit rate production is expected to be in excess of 50,000 barrels of oil equivalent per day exiting this year; production is expected to see a 50% increase to the year-to-date level of around 43,000 barrels of oil equivalent per day in corporate rates by 2028.
International Petroleum Corporation Financial Statement Overview
Summary
Profitability rebounded year-over-year (revenue up ~6% and net margin ~9.8%), and leverage is moderate (debt-to-equity ~0.52). However, cash flow quality is the main drag: TTM free cash flow is negative (~-49M) and has deteriorated versus the prior period, limiting the financial strength score despite positive operating cash flow.
Income Statement
68PositiveBalance Sheet
72PositiveCash Flow
44Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 803.66M | 772.09M | 913.18M | 853.91M | 1.13B | 741.03M |
| Gross Profit | 153.93M | 128.12M | 210.17M | 362.60M | 652.31M | 243.91M |
| EBITDA | 248.15M | 218.06M | 310.01M | 365.28M | 620.26M | 311.45M |
| Net Income | 77.97M | 28.94M | 102.20M | 172.95M | 337.68M | 146.03M |
Balance Sheet | ||||||
| Total Assets | 2.04B | 1.98B | 1.95B | 2.06B | 1.68B | 1.27B |
| Cash, Cash Equivalents and Short-Term Investments | 22.17M | 7.04M | 246.59M | 517.07M | 483.24M | 18.81M |
| Total Debt | 489.00M | 486.86M | 448.28M | 446.97M | 308.84M | 112.69M |
| Total Liabilities | 1.10B | 1.05B | 1.01B | 982.73M | 714.29M | 426.13M |
| Stockholders Equity | 940.42M | 927.03M | 939.32M | 1.08B | 965.14M | 847.39M |
Cash Flow | ||||||
| Free Cash Flow | -49.19M | -152.21M | -168.99M | 32.91M | 444.00M | 236.95M |
| Operating Cash Flow | 172.64M | 194.00M | 266.09M | 346.15M | 601.82M | 281.18M |
| Investing Cash Flow | -170.47M | -346.21M | -434.86M | -352.47M | -157.81M | -44.23M |
| Financing Cash Flow | -21.65M | -74.49M | -107.10M | 37.56M | 11.11M | -224.58M |
International Petroleum Corporation Technical Analysis
Price Trends
Market Momentum
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 38.50 is above the 20-day moving average (MA) of 38.38, above the 50-day MA of 36.65, and above the 200-day MA of 34.41, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 54.79 is Neutral, neither overbought nor oversold. The STOCH value of 43.98 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
Overall Rating
TSE:HWX83Outperform
TSE:ATH73Outperform
TSE:FRU73Outperform- TSE:IPCO58Neutral
TSE:BTE56Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:HWX | 83Outperform | CAD 2.74B | 15.24 | 24.24% | 3.87% | 12.71% | 0.77% |
| TSE:ATH | 73Outperform | CAD 5.51B | 23.61 | 12.76% | ― | 2.54% | -45.29% |
| TSE:FRU | 73Outperform | CAD 2.70B | 18.66 | 13.88% | 6.25% | 8.61% | 15.39% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| TSE:IPCO | 58Neutral | CAD 4.18B | 37.78 | 8.69% | ― | 11.15% | 132.32% |
| TSE:BTE | 56Neutral | CAD 4.14B | -8.31 | -26.69% | 1.48% | ― | ― |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:IPCO | International Petroleum Co | 38.50 | 12.03 | 45.45% | |
| TSE:BTE | Baytex Energy Corp. | 6.07 | 1.74 | 40.22% | |
| TSE:ATH | Athabasca Oil Corporation | 11.62 | 4.57 | 64.82% | |
| TSE:HWX | Headwater Exploration Inc. | 11.89 | 4.33 | 57.32% | |
| TSE:FRU | Freehold Royalties Ltd. | 17.28 | 3.91 | 29.24% |
International Petroleum Corporation Corporate Events
IPC Repurchases 158,992 Shares Under Buyback Program
PositiveInternational Petroleum Corporation, an international oil and gas exploration and production company with operations in Canada, Malaysia and France, repurchased 158,992 common shares between November 2 and 6, 2026. The purchases comprised 104,992 sha...
IPC Reports Q3 Results as Blackrod Production Ramps
PositiveInternational Petroleum Corporation (IPC) is an oil and gas producer focused on crude oil and natural gas, with significant heavy-oil exposure and operations including Canada. Its portfolio includes the Blackrod development, which began production in...
International Petroleum Corporation Updates Share Capital After Share Cancellation
PositiveInternational Petroleum Corporation has updated its share capital following a recent share repurchase and cancellation program under its normal course issuer bid. After cancelling 205,790 common shares, the company reports that it now has 111,521,876...
International Petroleum Corp. Sets November 3 Release for Q3 2026 Results
NeutralInternational Petroleum Corporation will publish its financial and operating results for the third quarter and first nine months of 2026 on November 3, 2026, at 07:30 CET, followed by a live audiocast presentation at 09:00 CET. President and CEO Will...
International Petroleum Corp. Steps Up Share Buybacks Under Ongoing NCIB
PositiveInternational Petroleum Corp. has continued its normal course issuer bid, repurchasing 107,393 common shares between Oct. 5 and 9, 2026 across the Toronto Stock Exchange and Nasdaq Stockholm. The program, carried out under EU market regulations and C...
International Petroleum Corp. Expands Share Buyback Under Normal Course Issuer Bid
PositiveInternational Petroleum Corp. has reported recent activity under its ongoing normal course issuer bid, repurchasing 98,397 common shares between September 28 and October 2, 2026 on Nasdaq Stockholm and the Toronto Stock Exchange. The repurchases, con...
International Petroleum Corporation Updates Share Count After Buyback Cancellations
PositiveInternational Petroleum Corporation has updated its share capital structure following the cancellation of 431,638 common shares repurchased under its normal course issuer bid. As of September 30, 2026, the company reports 111,727,666 issued and outst...
International Petroleum Steps Up Share Buybacks Under Ongoing Repurchase Program
PositiveInternational Petroleum Corporation has continued to execute its normal course issuer bid, repurchasing 36,111 common shares between September 14 and 18, 2026 on the TSX and Nasdaq Stockholm. The purchases, carried out through appointed brokers in Ca...
International Petroleum Corp. Advances Share Buyback, Cancels 148,500 Shares
PositiveInternational Petroleum Corp. has repurchased 148,500 of its common shares between September 21 and 25, 2026 under its ongoing normal course issuer bid, with 100,000 shares bought on Nasdaq Stockholm via Pareto Securities and 48,500 on the TSX via AT...
International Petroleum Corporation Intensifies Share Buybacks Under Ongoing Repurchase Program
PositiveInternational Petroleum Corporation has continued executing its normal course issuer bid, repurchasing 140,673 common shares between September 1 and 4, 2026 across Nasdaq Stockholm and the Toronto Stock Exchange. All repurchased shares under the prog...
International Petroleum Corporation Expands Share Buyback, Updates Share Count
PositiveInternational Petroleum Corporation reported that it repurchased 224,832 common shares between August 24 and 31, 2026 under its normal course issuer bid on the TSX and Nasdaq Stockholm. All shares bought back under the program are to be cancelled, re...
International Petroleum Corporation Advances Share Buyback, Cancels Additional Shares
PositiveInternational Petroleum Corporation has continued executing its normal course issuer bid, repurchasing 225,000 common shares between August 17 and 21, 2026 across Nasdaq Stockholm and the Toronto Stock Exchange. All shares bought back under the progr...
International Petroleum Steps Up Share Buybacks Under Ongoing NCIB
PositiveInternational Petroleum Corporation has repurchased 205,334 common shares between August 10 and 14, 2026 under its ongoing normal course issuer bid. The buybacks, executed on both Nasdaq Stockholm and the Toronto Stock Exchange through appointed brok...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 05, 2026