InPlay Oil Corp. (TSE:IPO) Plans $0.09 Monthly Dividend

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Monday, March 16th, TickerTech Dividends reports. Investors of record on Tuesday, March 31st will be given a dividend of 0.09 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Monday, March 16th.

InPlay Oil Price Performance

InPlay Oil stock traded down C$0.15 during midday trading on Friday, reaching C$16.62. 40,754 shares of the company were exchanged, compared to its average volume of 74,637. The firm’s 50-day simple moving average is C$14.84 and its 200-day simple moving average is C$13.24. InPlay Oil has a 1 year low of C$6.54 and a 1 year high of C$17.47. The company has a market capitalization of C$462.67 million, a price-to-earnings ratio of -51.94 and a beta of 0.92. The company has a debt-to-equity ratio of 61.06, a quick ratio of 0.51 and a current ratio of 1.10.

InPlay Oil (TSE:IPO) last released its earnings results on Thursday, March 5th. The company reported C$1.10 earnings per share (EPS) for the quarter. InPlay Oil had a negative net margin of 2.79% and a negative return on equity of 2.22%. The company had revenue of C$82.94 million for the quarter. On average, analysts anticipate that InPlay Oil will post 0.3500838 EPS for the current year.

Analysts Set New Price Targets

Separately, Acumen Capital boosted their price objective on shares of InPlay Oil from C$17.00 to C$17.50 and gave the company a “buy” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, InPlay Oil has a consensus rating of “Buy” and a consensus price target of C$15.70.

InPlay Oil Company Profile

InPlay Oil Corp is oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company’s operations are focused on a concentrated light oil asset base located in West Central Alberta. It derives revenue from selling its production of crude oil, natural gas and NGLs under variable price contracts.