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. Investors 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 TSE IPO opened at C$2.24 on Thursday. 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. The company has a debt-to-equity ratio of 18.92, a current ratio of 0.68 and a quick ratio of 0.51. InPlay Oil has a 1-year low of C$2.03 and a 1-year high of C$2.86. The business has a 50-day moving average of C$2.28 and a 200-day moving average of C$2.30.

InPlay Oil (TSE:IPO) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.04). InPlay Oil had a return on equity of 8.76% and a net margin of 16.44%. The company had revenue of C$38.00 million during the quarter, compared to analysts’ expectations of C$43.25 million. On average, equities analysts anticipate 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.