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

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Tuesday, July 2nd, TickerTech reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.015 per share on Wednesday, July 31st. This represents a $0.18 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date is Monday, July 15th.

InPlay Oil Price Performance

Shares of IPO opened at C$2.24 on Thursday. The business’s 50-day moving average is C$2.28 and its 200-day moving average is C$2.30. The company has a debt-to-equity ratio of 18.92, a current ratio of 0.68 and a quick ratio of 0.51. The company has a market capitalization of C$201.87 million, a price-to-earnings ratio of 8.00 and a beta of 2.47. InPlay Oil has a fifty-two week low of C$2.03 and a fifty-two week high of C$2.86.

InPlay Oil (TSE:IPO) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.04). The company had revenue of C$38.00 million during the quarter, compared to analyst estimates of C$43.25 million. InPlay Oil had a net margin of 16.44% and a return on equity of 8.76%. Equities research analysts expect that InPlay Oil will post 0.5345622 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Acumen Capital cut their price objective on InPlay Oil from C$4.00 to C$3.75 in a report on Monday, May 13th.

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.