InPlay Oil (TSE:IPO) Posts Quarterly Earnings Results

InPlay Oil (TSE:IPO) issued its quarterly earnings results on Friday. The company reported C($1.24) earnings per share (EPS) for the quarter, FiscalAI reports. InPlay Oil had a negative return on equity of 2.22% and a negative net margin of 2.79%.The firm had revenue of C$31.77 million during the quarter.

InPlay Oil Trading Down 5.1%

IPO opened at C$16.22 on Friday. The company has a debt-to-equity ratio of 61.06, a current ratio of 1.10 and a quick ratio of 0.51. The company’s 50 day simple moving average is C$16.86 and its two-hundred day simple moving average is C$14.52. InPlay Oil has a 1-year low of C$7.55 and a 1-year high of C$18.96. The firm has a market capitalization of C$452.20 million, a price-to-earnings ratio of -50.69 and a beta of 0.55.

InPlay Oil Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 29th will be issued a $0.09 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 6.7%. InPlay Oil’s dividend payout ratio is presently -337.50%.

Insider Activity

In other news, insider Kevin Yakiwchuk sold 12,285 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of C$18.18, for a total value of C$223,341.30. Following the completion of the sale, the insider directly owned 137,256 shares in the company, valued at C$2,495,314.08. This represents a 8.22% decrease in their ownership of the stock. 25.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Acumen Capital increased their price objective on InPlay Oil from C$17.00 to C$17.50 and gave the company a “buy” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$15.70.

About InPlay Oil

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.