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

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 dividend on an annualized basis and a yield of 10.34%. The ex-dividend date is Friday, November 15th.

InPlay Oil Stock Performance

Shares of IPO opened at C$1.74 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.51 and a debt-to-equity ratio of 19.86. The stock has a market capitalization of C$156.81 million, a P/E ratio of 6.00 and a beta of 2.37. The firm’s fifty day simple moving average is C$1.98 and its two-hundred day simple moving average is C$2.16. InPlay Oil has a 12 month low of C$1.67 and a 12 month high of C$2.57.

InPlay Oil (TSE:IPO) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.06 EPS for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.01. The business had revenue of C$41.46 million for the quarter, compared to analysts’ expectations of C$41.21 million. InPlay Oil had a net margin of 17.18% and a return on equity of 9.08%. As a group, analysts predict that InPlay Oil will post 0.3500838 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on IPO shares. Acumen Capital cut 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.

About InPlay Oil

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.