Recent Insider Transactions • 8h
Director recently sold €1.4m worth of stock On the 26th of June, Mike Nicholson sold around 75k shares on-market at roughly €19.00 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months. Aankondiging • Jun 16
International Petroleum Corporation Achieves First Oil At Blackrod Phase 1 Project International Petroleum Corporation achieved first oil at Phase 1 of the Blackrod project, ahead of schedule and on budget. The Blackrod Phase 1 development project began production on May 31, 2026 as the initial well pairs commenced conversion from steam circulation to production. As the remaining well pairs undergoing steam circulation reach the necessary conformance conditions, they will subsequently be converted to oil production. The forecast plateau production rate of 30,000 barrels of oil per day (bopd) for the Phase 1 project is expected to be achieved by late 2027, a quarter earlier than originally guided at the time of project sanction in 2023. Phase 1 of the Blackrod project has been developed as a Central Processing Facility (CPF) connected to three well pad facilities and three separate drainage patterns. The Blackrod property is pipeline-connected for gas and condensate input sources and crude output which connects into the Grand Rapids Pipeline to Edmonton, Alberta. Phase 1 has 2P reserves of 311 million barrels of oil equivalent (boe) and Blackrod has a further 1.1 billion boe of contingent resources (best estimate, unrisked). IPC controls a 100% working interest in the Blackrod asset, allowing for full flexibility on the next phases of growth to increase production incrementally from the expected 30,000 bopd up to the regulatory approved 80,000 bopd. Blackrod Phase 1 was delivered on budget, with a final forecast outturn of USD 855 million of growth capital investment compared to the original estimate of USD 850 million. With this Phase 1 growth capital in the past, the go forward sustaining capital intensity is expected to be less than USD 5 per barrel. Excluding any contingent resource recognition or future phase expansion developments, Phase 1 is expected to maintain 30,000 bopd of production for in excess of 25 years. Aankondiging • Jun 14
International Petroleum Corporation to Report Q3, 2026 Results on Nov 03, 2026 International Petroleum Corporation announced that they will report Q3, 2026 results on Nov 03, 2026 Aankondiging • Jun 12
International Petroleum Corporation to Report Fiscal Year 2026 Results on Feb 09, 2027 International Petroleum Corporation announced that they will report fiscal year 2026 results on Feb 09, 2027 Aankondiging • May 07
International Petroleum Corporation to Report Q2, 2026 Results on Aug 04, 2026 International Petroleum Corporation announced that they will report Q2, 2026 results on Aug 04, 2026 Aankondiging • May 06
International Petroleum Corporation Maintains Production Guidance for the Full Year 2026 International Petroleum Corporation maintained production guidance for the full year 2026. For the year, average net production forecast at 44,000 boepd to 47,000 boepd. Aankondiging • Feb 24
International Petroleum Corporation, Annual General Meeting, May 06, 2026 International Petroleum Corporation, Annual General Meeting, May 06, 2026. Location: alberta, calgary Canada Aankondiging • Feb 11
International Petroleum Corporation to Report Q1, 2026 Results on May 05, 2026 International Petroleum Corporation announced that they will report Q1, 2026 results at 7:30 AM, Central European Standard Time on May 05, 2026 Aankondiging • Feb 10
International Petroleum Corporation Provides Production Guidance for the Full Year 2026 International Petroleum Corporation provided production guidance for the full year 2026. For the year, average net production forecast at 44,000 boepd to 47,000 boepd. Aankondiging • Jan 05
International Petroleum Corporation Provides an Update on the Blackrod Phase 1 Development in Canada International Petroleum Corporation to provide an update on the Blackrod Phase 1 development in Canada. Following substantial progress on the project achieved during 2025, IPC commenced first steam injection at the Blackrod Phase 1 project on December 20, 2025. As previously announced, IPC forecasts first oil production at the Blackrod Phase 1 project to occur in Third Quarter 2026, a quarter earlier than originally guided. The Blackrod asset is 100% owned by IPC and contains 259 MMboe of 2P reserves and 1,025 MMboe of contingent resources (best estimate, unrisked) as at December 31, 2024, with regulatory approval to produce up to 80,000 bopd. In early 2023, IPC sanctioned the Phase 1 development targeting plateau production rates of 30,000 bopd with a growth capital expenditure guidance of MUSD 850. As previously announced, from the Phase 1 project sanction to the end of Third Quarter 2025, capital expenditures of MUSD 785 have been incurred, or approximately 92% of the MUSD 850 growth capital guidance to first oil. Aankondiging • Aug 05
International Petroleum Corporation Maintains Production Guidance for the Full Year 2025 International Petroleum Corporation maintained production guidance for the full year 2025. For the year, average net production guidance range forecast maintained at 43,000 boepd to 45,000 boepd. Aankondiging • May 06
International Petroleum Corporation Reaffirms Production Guidance for the Full Year of 2025 International Petroleum Corporation reaffirmed production guidance for the full year of 2025. Full year 2025 average net production guidance range forecast maintained at 43,000 boepd to 45,000 boepd. Aankondiging • Feb 24
International Petroleum Corporation, Annual General Meeting, May 07, 2025 International Petroleum Corporation, Annual General Meeting, May 07, 2025. Location: alberta, calgary Canada Aankondiging • Feb 11
International Petroleum Corporation Provides Production Guidance for the Full Year 2025 International Petroleum Corporation provided production guidance for the full year 2025. For the year, average net production forecast at 43,000 boepd to 45,000 boepd. Aankondiging • Nov 06
International Petroleum Corporation Provides Production Guidance for the Full Year 2024 International Petroleum Corporation provided production guidance for the full year 2024. for the year, the company expects average net production guidance range maintained at 46,000 to 48,000 boepd. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: US$0.19 (vs US$0.56 in 3Q 2023) Third quarter 2024 results: EPS: US$0.19 (down from US$0.56 in 3Q 2023). Revenue: US$173.2m (down 32% from 3Q 2023). Net income: US$22.9m (down 68% from 3Q 2023). Profit margin: 13% (down from 28% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €12.05, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 149% over the past three years. New Risk • Aug 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$0.36 (vs US$0.24 in 2Q 2023) Second quarter 2024 results: EPS: US$0.36 (up from US$0.24 in 2Q 2023). Revenue: US$219.0m (up 7.3% from 2Q 2023). Net income: US$45.2m (up 41% from 2Q 2023). Profit margin: 21% (up from 16% in 2Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 36% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 30
International Petroleum Corporation Provides Production Forecast for the Full Year 2024 International Petroleum Corporation provided production forecast for the full year 2024. Full year 2024 average net production guidance range maintained at 46,000 boepd to 48,000 boepd. New Risk • May 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. High level of non-cash earnings (24% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (19% net profit margin). Aankondiging • May 08
International Petroleum Corporation Provides Production Guidance for the Full Year 2024 International Petroleum Corporation provided production guidance for the full year 2024. Full year 2024 average net production guidance range maintained at 46,000 boepd to 48,000 boepd. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$0.27 (vs US$0.29 in 1Q 2023) First quarter 2024 results: EPS: US$0.27 (down from US$0.29 in 1Q 2023). Revenue: US$206.4m (up 7.9% from 1Q 2023). Net income: US$33.7m (down 15% from 1Q 2023). Profit margin: 16% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Mar 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (20% net profit margin). Aankondiging • Feb 24
International Petroleum Corporation, Annual General Meeting, May 08, 2024 International Petroleum Corporation, Annual General Meeting, May 08, 2024. Recent Insider Transactions • Feb 17
Chief Financial Officer recently bought €1.4m worth of stock On the 12th of February, Christophe Nerguararian bought around 136k shares on-market at roughly €10.31 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Christophe's only on-market trade for the last 12 months. Reported Earnings • Feb 07
Full year 2023 earnings released: EPS: US$1.31 (vs US$2.30 in FY 2022) Full year 2023 results: EPS: US$1.31 (down from US$2.30 in FY 2022). Revenue: US$853.9m (down 25% from FY 2022). Net income: US$173.0m (down 49% from FY 2022). Profit margin: 20% (down from 30% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 61% per year whereas the company’s share price has increased by 60% per year. Aankondiging • Feb 07
International Petroleum Corporation Provides Production Guidance for the Full Year 2024 International Petroleum Corporation provided production guidance for the full year 2024. Full year 2024 average net production forecast at 46,000 to 48,000 boepd. Buy Or Sell Opportunity • Feb 07
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at €9.23. The fair value is estimated to be €11.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 76%. Aankondiging • Nov 29
International Petroleum Corporation Announces Appointment of Deborah Starkman to Board of Directors International Petroleum Corporation (IPC or the Corporation) announced the appointment of Deborah Starkman to the Corporation's Board of Directors. The appointment is effective November27, 2023 and increases the Board to seven directors. As previously announced, William Lundin will also be appointed to the Board as of January 1, 2024, increasing the Board to eight directors. Ms. Starkman is currently the Chief Financial Officer of Dream Unlimited Corp. (Dream), a TSX-listed real estate developer and asset management business in Canada and the United States. Ms. Starkman is responsible for overseeing the financial management of Dream. She currently oversees the shared services platform including Information and Technology, People and Culture, Office Services, Legal, Treasury and development accounting. Ms. Starkman was previously the Chief Financial Officer and Corporate Secretary of GMP Capital Inc. (GMP), a Canadian independent financial services firm. Prior to joining GMP, she was Managing Director, Product Finance at the brokerage arm of a major Canadian bank. Ms. Starkman has a BA in Political Science from the University of Western Ontario, and a BComm from the University of Windsor. Ms. Starkman is a Chartered Professional Accountant, holds a Chartered Financial Analyst designation and has received the ICD.D certification from the Institute of Corporate Directors. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: US$0.56 (vs US$0.63 in 3Q 2022) Third quarter 2023 results: EPS: US$0.56 (down from US$0.63 in 3Q 2022). Revenue: US$257.4m (down 14% from 3Q 2022). Net income: US$71.7m (down 21% from 3Q 2022). Profit margin: 28% (down from 30% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.7% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 02
International Petroleum Corporation Provides Production Forecast for the Full Year 2023 International Petroleum Corporation provided production forecast for the full year 2023. Full year 2023 average net production forecast expected to be at the upper end of 48,000 to 50,000 boepd guidance range. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.68 in 2Q 2022) Second quarter 2023 results: EPS: US$0.24 (down from US$0.68 in 2Q 2022). Revenue: US$205.6m (down 34% from 2Q 2022). Net income: US$32.0m (down 70% from 2Q 2022). Profit margin: 16% (down from 34% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.29 (vs US$0.52 in 1Q 2022) First quarter 2023 results: EPS: US$0.29 (down from US$0.52 in 1Q 2022). Revenue: US$192.5m (down 26% from 1Q 2022). Net income: US$39.6m (down 51% from 1Q 2022). Profit margin: 21% (down from 31% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 08
International Petroleum Corporation Provides Production Forecast for the Full Year 2023 International Petroleum Corporation provided production forecast for the full year 2023. For the year, The company expects average net production forecast at 48,000 to 50,000 boepd. Reported Earnings • Feb 08
Full year 2022 earnings released: EPS: US$2.30 (vs US$0.94 in FY 2021) Full year 2022 results: EPS: US$2.30 (up from US$0.94 in FY 2021). Revenue: US$1.14b (up 71% from FY 2021). Net income: US$337.7m (up 131% from FY 2021). Profit margin: 30% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Oil sales price Average sales price/bbl (hedged): US$81.66 Gas sales price Average sales price/mcf (hedged): US$4.72 Combined production Oil equivalent production: 17.74 MMboe (16.61 MMboe in FY 2021) Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.3%. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 23% share price gain to €12.03, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 216% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.99 per share. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: US$0.63 (vs US$0.20 in 3Q 2021) Third quarter 2022 results: EPS: US$0.63 (up from US$0.20 in 3Q 2021). Revenue: US$300.8m (up 77% from 3Q 2021). Net income: US$90.5m (up 196% from 3Q 2021). Profit margin: 30% (up from 18% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 14% p.a. on average during the next 3 years compared to a 4.5% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 16% share price gain to €9.32, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 142% over the past three years. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €10.00, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 207% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.99 per share. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: US$0.70 (vs US$0.14 in 2Q 2021) Second quarter 2022 results: EPS: US$0.70 (up from US$0.14 in 2Q 2021). Revenue: US$317.4m (up 120% from 2Q 2021). Net income: US$105.2m (up 385% from 2Q 2021). Profit margin: 33% (up from 15% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 30%, compared to a 33% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 02
International Petroleum Corporation Provides Production Guidance for the Full Year 2022 International Petroleum Corporation provided production guidance for the full year 2022. Full year 2022 average net production guidance range is expected to be towards the upper end of the guidance range of 46,000 to 48,000 boepd. Aankondiging • Jul 28
International Petroleum Corporation Announces Demise of Lukas H. Lundin, Chairman of the Board of Directors International Petroleum Corporation regrets to announce the death of former Chairman of the Board of Directors, Mr. Lukas H. Lundin, in Geneva, Switzerland on July 26, 2022 at the age of 64, following a two-year battle with brain cancer. Over the past 40 years, Lukas Lundin was the driving force behind the tremendous success of The Lundin Group of Companies, including IPC. Lukas started his career in the international energy and mining sectors in the early 1980s working side-by-side with his father, the late Adolf H. Lundin. Under the leadership of Lukas and his brother Ian, and in close cooperation with the rest of the Lundin family, the Lundin Group of Companies has grown into an internationally recognized group of energy and mining companies with operations around the globe, employing more than 15,000 people and creating opportunities for tens of thousands more. In his role as Chairman, Mr. Lundin was instrumental in overseeing the strong growth of IPC following the spin-off from Lundin Energy in 2017 and in creating a highly successful international oil and gas company, achieving operational excellence and a history of shareholder value creation. Lukas Lundin was the Chairman of the Board of Directors of IPC from its creation in 2017 until 2020. Lukas’ son Harry Lundin is a director of IPC and his son William Lundin is IPC’s Chief Operating Officer. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 15% share price gain to €10.78, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 171% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €18.78 per share. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.52 (vs US$0.17 in 1Q 2021) First quarter 2022 results: EPS: US$0.52 (up from US$0.17 in 1Q 2021). Revenue: US$258.4m (up 95% from 1Q 2021). Net income: US$80.8m (up 201% from 1Q 2021). Profit margin: 31% (up from 20% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Aankondiging • May 04
International Petroleum Corporation Provides Production Guidance for the Full Year 2022 International Petroleum Corporation provided production guidance for the Full year 2022. For the period, the company's production will be 46,000 to 48,000 boepd. Aankondiging • Feb 15
International Petroleum Corporation, Annual General Meeting, May 04, 2022 International Petroleum Corporation, Annual General Meeting, May 04, 2022. Aankondiging • Feb 08
International Petroleum Corporation Provides Production Guidance for the Year 2022 International Petroleum Corporation provided production guidance for the year 2022. The company announced its 2022 average net production guidance is 46,000 boepd to 48,000 boepd. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 16% share price gain to €5.56, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 79% over the past three years. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS US$0.20 (vs US$0.057 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$172.6m (up 86% from 3Q 2020). Net income: US$30.5m (up 245% from 3Q 2020). Profit margin: 18% (up from 9.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 25% share price gain to €4.82, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 14% over the past three years. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS US$0.14 (vs US$0.009 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$141.2m (up 221% from 2Q 2020). Net income: US$21.7m (up US$23.2m from 2Q 2020). Profit margin: 15% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Executive Departure • May 07
Independent Director has left the company On the 4th of May, Daniella Dimitrov's tenure as Independent Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Daniella's name. A total of 2 executives have left over the last 12 months. Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$0.17 (vs US$0.25 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$132.2m (up 69% from 1Q 2020). Net income: US$26.9m (up US$66.9m from 1Q 2020). Profit margin: 20% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Aankondiging • May 05
International Petroleum Corporation Provides Production Guidance for the Year of 2021 International Petroleum Corporation provided production guidance for the year of 2021. The company expects average net production to be 41,000 boepd to 43,000 boepd range. Is New 90 Day High Low • Feb 25
New 90-day high: €2.72 The company is up 49% from its price of €1.82 on 25 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.51 per share. Aankondiging • Feb 23
International Petroleum Corporation, Annual General Meeting, May 04, 2021 International Petroleum Corporation, Annual General Meeting, May 04, 2021. Reported Earnings • Feb 10
Full year 2020 earnings released: US$0.50 loss per share (vs US$0.63 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$324.2m (down 41% from FY 2019). Net loss: US$77.9m (down 175% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 10
Revenue misses expectations Revenue missed analyst estimates by 3.5%. Over the next year, revenue is forecast to grow 29%, compared to a 23% growth forecast for the Oil and Gas industry in Germany. Is New 90 Day High Low • Feb 05
New 90-day high: €2.27 The company is up 66% from its price of €1.37 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.96 per share. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 16% share price gain to US$2.27, the stock is trading at a trailing P/E ratio of 74.8x, up from the previous P/E ratio of 64.7x. This compares to an average P/E of 14x in the Oil and Gas industry in Europe. Total return to shareholders over the past three years is a loss of 32%. Aankondiging • Jan 28
International Petroleum Corporation(OM:IPCO) dropped from FTSE All-World Index (USD) International Petroleum Corporation(OM:IPCO) dropped from FTSE All-World Index (USD) Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 18% share price gain to US$2.17, the stock is trading at a trailing P/E ratio of 76.4x, up from the previous P/E ratio of 65x. This compares to an average P/E of 13x in the Oil and Gas industry in Europe. Total return to shareholders over the past three years is a loss of 42%. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 19% share price gain to US$2.10, the stock is trading at a trailing P/E ratio of 74.7x, up from the previous P/E ratio of 62.7x. This compares to an average P/E of 12x in the Oil and Gas industry in Europe. Total return to shareholders over the past three years is a loss of 44%. Is New 90 Day High Low • Jan 05
New 90-day high: €1.90 The company is up 27% from its price of €1.49 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.76 per share. Recent Insider Transactions • Dec 13
Senior Vice President of Canada recently bought €376k worth of stock On the 10th of December, Christopher Hogue bought around 200k shares on-market at roughly €1.88 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €619k more in shares than they bought in the last 12 months. Is New 90 Day High Low • Dec 12
New 90-day high: €1.84 The company is up 12% from its price of €1.64 on 10 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.22 per share. Valuation Update With 7 Day Price Move • Nov 26
Market bids up stock over the past week After last week's 18% share price gain to US$1.82, the stock is trading at a trailing P/E ratio of 63.1x, up from the previous P/E ratio of 53.6x. This compares to an average P/E of 12x in the Oil and Gas industry in Europe. Total return to shareholders over the past three years is a loss of 51%. Is New 90 Day High Low • Nov 25
New 90-day high: €1.72 The company is up 1.0% from its price of €1.70 on 26 August 2020. The German market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Oil and Gas industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.58 per share. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 15% share price gain to US$1.72, the stock is trading at a trailing P/E ratio of 58.7x, up from the previous P/E ratio of 50.8x. This compares to an average P/E of 12x in the Oil and Gas industry in Europe. Total return to shareholders over the past three years is a loss of 54%. Aankondiging • Nov 05
International Petroleum Corporation to Report Fiscal Year 2020 Results on Feb 09, 2021 International Petroleum Corporation announced that they will report fiscal year 2020 results at 6:30 AM, GMT Standard Time on Feb 09, 2021 Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS US$0.06 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: US$95.3m (down 26% from 3Q 2019). Net income: US$8.85m (up 40% from 3Q 2019). Profit margin: 9.3% (up from 4.9% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Aankondiging • Nov 04
International Petroleum Corporation Revises Production Guidance for 2020 International Petroleum Corporation revised production guidance for 2020. For 2020, the company provided net average production revised upwards to over 41,000 barrels of oil equivalent per day (boepd) from the prior guidance of 37,000 boepd to 40,000 boepd. Is New 90 Day High Low • Oct 16
New 90-day low: €1.43 The company is down 15% from its price of €1.69 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 42% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.34 per share. Is New 90 Day High Low • Sep 26
New 90-day low: €1.49 The company is down 7.0% from its price of €1.59 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 62% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.49 per share. Aankondiging • Aug 16
International Petroleum Corporation to Report Q3, 2020 Results on Nov 03, 2020 International Petroleum Corporation announced that they will report Q3, 2020 results at 6:30 AM, GMT Standard Time on Nov 03, 2020 
