InPlay Oil Corp. (TSE:IPO) to Issue $0.02 Monthly Dividend

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Friday, November 15th,TickerTech Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.015 per share on Friday, November 29th. This represents a $0.18 annualized dividend and a dividend yield of 10.34%. The ex-dividend date is Friday, November 15th.

InPlay Oil Stock Up 1.2 %

Shares of TSE:IPO opened at C$1.74 on Thursday. The company has a fifty day moving average of C$1.98 and a 200-day moving average of C$2.16. The company has a market capitalization of C$156.81 million, a PE ratio of 6.00 and a beta of 2.37. The company has a debt-to-equity ratio of 19.86, a quick ratio of 0.51 and a current ratio of 1.00. InPlay Oil has a 52-week low of C$1.67 and a 52-week high of C$2.57.

InPlay Oil (TSE:IPO) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C$0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.05 by C$0.01. The company had revenue of C$41.46 million during the quarter, compared to the consensus estimate of C$41.21 million. InPlay Oil had a net margin of 17.18% and a return on equity of 9.08%. On average, equities analysts predict that InPlay Oil will post 0.3500838 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IPO has been the subject of several research analyst reports. Acumen Capital lowered their price target on shares of InPlay Oil from C$3.75 to C$3.50 in a report on Friday, August 16th. Noble Financial upgraded InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th.

InPlay Oil Company Profile

InPlay Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in Canada. The company produces and sells crude oil, natural gas, and natural gas liquids. It focuses on light oil asset base located in West Central, Alberta. InPlay Oil Corp.