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

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Tuesday, September 3rd, Zacks reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.015 per share on Friday, September 27th. This represents a $0.18 annualized dividend and a dividend yield of 9.00%. The ex-dividend date is Monday, September 16th.

InPlay Oil Stock Down 2.0 %

Shares of TSE:IPO opened at C$2.00 on Friday. InPlay Oil has a 52 week low of C$1.93 and a 52 week high of C$2.86. The company has a debt-to-equity ratio of 19.86, a quick ratio of 0.51 and a current ratio of 1.00. The company’s fifty day moving average is C$2.17 and its 200-day moving average is C$2.28. The company has a market capitalization of C$180.24 million, a PE ratio of 6.90 and a beta of 2.40.

InPlay Oil (TSE:IPO) last issued its earnings results on Wednesday, August 14th. The company reported C$0.06 EPS 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 company had revenue of C$41.46 million for the quarter, compared to the consensus estimate of C$41.21 million. Equities research analysts predict that InPlay Oil will post 0.3499142 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Acumen Capital reduced their target price on shares of 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.