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

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.015 per share on Friday, January 31st. This represents a $0.18 annualized dividend and a dividend yield of 10.00%. The ex-dividend date of this dividend is Wednesday, January 15th.

InPlay Oil Trading Up 1.1 %

TSE:IPO opened at C$1.80 on Monday. The firm has a market capitalization of C$162.22 million, a P/E ratio of 6.21 and a beta of 2.37. The business has a 50 day simple moving average of C$1.74 and a 200 day simple moving average of C$1.99. The company has a debt-to-equity ratio of 19.86, a current ratio of 1.00 and a quick ratio of 0.51. InPlay Oil has a 12-month low of C$1.52 and a 12-month high of C$2.57.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IPO shares. Noble Financial raised shares of InPlay Oil to a “strong-buy” rating in a research note on Monday, October 7th. Canaccord Genuity Group cut their target price on InPlay Oil from C$3.25 to C$3.00 in a research report on Friday, November 15th.

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.