InPlay Oil Corp. (IPO) to Distribute Monthly Dividend of $0.09 on August 31st

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Friday, August 14th, TickerTech Dividends reports. Investors of record on Monday, August 31st will be given a dividend of 0.09 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Friday, August 14th.

InPlay Oil Stock Performance

InPlay Oil stock traded up C$0.21 during trading hours on Wednesday, reaching C$16.11. 15,289 shares of the company were exchanged, compared to its average volume of 114,904. The firm has a market cap of C$451.18 million, a price-to-earnings ratio of -11.76 and a beta of 0.35. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 72.27. The stock has a 50-day moving average of C$15.24 and a 200 day moving average of C$16.03. InPlay Oil has a 12 month low of C$10.80 and a 12 month high of C$18.96.

Wall Street Analyst Weigh In

Separately, National Bank Financial reduced their price objective on shares of InPlay Oil from C$27.50 to C$22.50 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$18.33.

InPlay Oil Company Profile

InPlay is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities.