InPlay Oil (TSE:IPO) Shares Up 0.6% – What’s Next?

InPlay Oil Corp. (TSE:IPO) shot up 0.6% during mid-day trading on Tuesday . The stock traded as high as C$1.84 and last traded at C$1.82. 52,386 shares were traded during mid-day trading, a decline of 47% from the average session volume of 98,564 shares. The stock had previously closed at C$1.81.

Wall Street Analyst Weigh In

IPO has been the subject of a number of recent research reports. Noble Financial raised shares of InPlay Oil to a “strong-buy” rating in a research note on Monday, October 7th. Canaccord Genuity Group dropped their target price on shares of InPlay Oil from C$3.25 to C$3.00 in a research report on Friday, November 15th.

InPlay Oil Stock Up 0.6 %

The firm has a fifty day moving average of C$1.75 and a 200-day moving average of C$2.00. The company has a quick ratio of 0.51, a current ratio of 1.00 and a debt-to-equity ratio of 19.86. The firm has a market cap of C$164.02 million, a P/E ratio of 6.28 and a beta of 2.37.

InPlay Oil Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be issued a $0.015 dividend. This represents a $0.18 annualized dividend and a dividend yield of 9.89%. The ex-dividend date is Wednesday, January 15th. InPlay Oil’s payout ratio is presently 62.07%.

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.