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

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Monday, December 16th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.015 per share on Tuesday, December 31st. This represents a $0.18 annualized dividend and a yield of 10.78%. The ex-dividend date of this dividend is Monday, December 16th.

InPlay Oil Price Performance

IPO remained flat at C$1.67 during trading on Friday. 68,706 shares of the company’s stock traded hands, compared to its average volume of 84,168. InPlay Oil has a 1 year low of C$1.63 and a 1 year high of C$2.57. The company has a market cap of C$150.50 million, a PE ratio of 5.76 and a beta of 2.37. The firm’s fifty day moving average price is C$1.87 and its 200 day moving average price is C$2.07. The company has a current ratio of 1.00, a quick ratio of 0.51 and a debt-to-equity ratio of 19.86.

Wall Street Analysts Forecast Growth

IPO has been the subject of several analyst reports. Canaccord Genuity Group lowered their price objective on InPlay Oil from C$3.25 to C$3.00 in a research note on Friday, November 15th. Noble Financial raised shares of InPlay Oil to a “strong-buy” rating in a research report on Monday, October 7th. Finally, Acumen Capital reduced their price target on shares of InPlay Oil from C$3.75 to C$3.50 in a research report on Friday, August 16th.

About InPlay Oil

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.