Noble Financial upgraded shares of InPlay Oil (TSE:IPO – Free Report) to a strong-buy rating in a research note issued to investors on Monday morning, Zacks.com reports. Noble Financial also issued estimates for InPlay Oil’s Q3 2024 earnings at $0.00 EPS, Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.13 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at $0.25 EPS.
Separately, Acumen Capital dropped their price target on InPlay Oil from C$3.75 to C$3.50 in a research report on Friday, August 16th.
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InPlay Oil Price Performance
InPlay Oil (TSE:IPO – Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported C$0.06 EPS for the quarter, topping the consensus estimate of C$0.05 by C$0.01. InPlay Oil had a return on equity of 9.08% and a net margin of 17.18%. The firm had revenue of C$41.46 million for the quarter, compared to the consensus estimate of C$41.21 million. As a group, equities research analysts forecast that InPlay Oil will post 0.3500838 EPS for the current year.
InPlay Oil Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st will be paid a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.18 dividend on an annualized basis and a yield of 8.87%. InPlay Oil’s payout ratio is presently 62.07%.
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.
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