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

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Friday, April 12th, TickerTech reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.015 per share on Tuesday, April 30th. This represents a $0.18 annualized dividend and a yield of 7.14%. The ex-dividend date of this dividend is Friday, April 12th.

InPlay Oil Stock Performance

InPlay Oil stock opened at C$2.52 on Thursday. The company has a debt-to-equity ratio of 17.42, a current ratio of 0.93 and a quick ratio of 0.51. The stock has a fifty day moving average price of C$2.32 and a two-hundred day moving average price of C$2.38. InPlay Oil has a 52-week low of C$2.03 and a 52-week high of C$2.94. The firm has a market capitalization of C$227.20 million, a P/E ratio of 7.00 and a beta of 2.51.

InPlay Oil (TSE:IPO) last announced its earnings results on Wednesday, March 13th. The company reported C$0.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.03. InPlay Oil had a return on equity of 11.53% and a net margin of 20.85%. The company had revenue of C$47.63 million during the quarter, compared to analyst estimates of C$47.90 million. As a group, analysts anticipate that InPlay Oil will post 0.285073 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, ATB Capital reduced their target price on InPlay Oil from C$4.25 to C$3.75 and set an “outperform” rating on the stock in a report on Thursday, January 18th.

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.