InPlay Oil (OTCMKTS:IPOOF) Shares Down 2.6%

InPlay Oil Corp. (OTCMKTS:IPOOF) shares dropped 2.6% during mid-day trading on Monday . The company traded as low as $1.50 and last traded at $1.51. Approximately 114,233 shares were traded during mid-day trading, an increase of 149% from the average daily volume of 45,912 shares. The stock had previously closed at $1.55.

InPlay Oil Stock Performance

The firm has a fifty day moving average price of $1.60 and a 200 day moving average price of $1.68. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.18. The firm has a market cap of $137.57 million, a PE ratio of 7.55 and a beta of 1.61.

InPlay Oil (OTCMKTS:IPOOF) last issued its earnings results on Wednesday, August 14th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $30.30 million for the quarter, compared to the consensus estimate of $30.58 million. InPlay Oil had a net margin of 15.05% and a return on equity of 8.94%. As a group, equities research analysts expect that InPlay Oil Corp. will post 0.13 earnings per share for the current fiscal year.

InPlay Oil Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.0108 dividend. This represents a yield of 8.29%. The ex-dividend date of this dividend was Thursday, August 15th. InPlay Oil’s dividend payout ratio is presently 65.00%.

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.