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

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Friday, November 1st, TickerTech reports. Investors of record on Friday, November 15th will be given a dividend of 0.015 per share on Friday, November 29th. This represents a $0.18 annualized dividend and a yield of 9.52%. The ex-dividend date of this dividend is Friday, November 15th.

InPlay Oil Stock Performance

TSE IPO remained flat at C$1.89 on Friday. 56,360 shares of the company’s stock traded hands, compared to its average volume of 82,951. 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 52 week low of C$1.87 and a 52 week high of C$2.65. The stock has a market capitalization of C$170.33 million, a price-to-earnings ratio of 6.52 and a beta of 2.37. The business has a 50-day moving average price of C$2.03 and a two-hundred day moving average price of C$2.19.

InPlay Oil (TSE:IPO) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$0.06 EPS for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.01. The firm had revenue of C$41.46 million during 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%. Sell-side analysts expect that InPlay Oil will post 0.3500838 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Noble Financial upgraded InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th. Acumen Capital reduced their target price on InPlay Oil from C$3.75 to C$3.50 in a research note on Friday, August 16th.

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.