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

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Thursday, August 1st, TickerTech reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.015 per share on Friday, August 30th. This represents a $0.18 dividend on an annualized basis and a yield of 8.33%. The ex-dividend date is Thursday, August 15th.

InPlay Oil Price Performance

IPO stock opened at C$2.16 on Friday. 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 stock has a market capitalization of C$194.66 million, a PE ratio of 7.71 and a beta of 2.47. The company’s 50-day moving average is C$2.22 and its 200-day moving average is C$2.30. InPlay Oil has a 1 year low of C$2.03 and a 1 year high of C$2.86.

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

Analyst Ratings Changes

Separately, Acumen Capital lowered their price target on shares of 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.