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

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Friday, November 15th,TickerTech Dividends reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.015 per share on Friday, November 29th. This represents a $0.18 annualized dividend and a yield of 10.47%. The ex-dividend date is Friday, November 15th.

InPlay Oil Price Performance

TSE IPO opened at C$1.72 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 1.00 and a debt-to-equity ratio of 19.86. InPlay Oil has a 12-month low of C$1.67 and a 12-month high of C$2.57. The company has a market capitalization of C$155.01 million, a PE ratio of 5.93 and a beta of 2.37. The firm’s 50 day moving average is C$1.99 and its 200-day moving average is C$2.16.

InPlay Oil (TSE:IPO) last released its earnings results on Wednesday, August 14th. The company reported C$0.06 earnings per share for the quarter, beating the consensus estimate of C$0.05 by C$0.01. InPlay Oil had a net margin of 17.18% and a return on equity of 9.08%. The business had revenue of C$41.46 million during the quarter, compared to analysts’ expectations of C$41.21 million. Equities research analysts anticipate that InPlay Oil will post 0.3500838 earnings per share for the current fiscal year.

Analyst Ratings Changes

IPO has been the subject of a number of research analyst reports. Acumen Capital reduced their price objective on shares of InPlay Oil from C$3.75 to C$3.50 in a research report on Friday, August 16th. Noble Financial raised shares of InPlay Oil to a “strong-buy” rating in a research report on Monday, October 7th.

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.