InPlay Oil Corp. Declares Dividend of $0.01 (OTCMKTS:IPOOF)

InPlay Oil Corp. (OTCMKTS:IPOOF) announced a dividend on Wednesday, November 13th,investing.com reports. Investors of record on Monday, November 18th will be given a dividend of 0.0108 per share on Friday, November 29th. This represents a yield of 10.5%. The ex-dividend date is Friday, November 15th.

InPlay Oil Price Performance

IPOOF stock traded down $0.01 during mid-day trading on Wednesday, hitting $1.23. 85,368 shares of the stock were exchanged, compared to its average volume of 42,106. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 0.75. The business has a fifty day moving average price of $1.45 and a 200 day moving average price of $1.57. InPlay Oil has a 12 month low of $1.22 and a 12 month high of $1.99. The stock has a market capitalization of $110.85 million, a price-to-earnings ratio of 6.15 and a beta of 1.62.

InPlay Oil (OTCMKTS:IPOOF) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. InPlay Oil had a return on equity of 8.94% and a net margin of 15.05%. The firm had revenue of $30.30 million during the quarter, compared to analyst estimates of $30.58 million. On average, sell-side analysts anticipate that InPlay Oil will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Noble Financial raised InPlay Oil to a “strong-buy” rating in a research note on Monday, October 7th.

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.