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

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Wednesday, May 1st, TickerTech reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.015 per share on Friday, May 31st. This represents a $0.18 annualized dividend and a dividend yield of 7.66%. The ex-dividend date is Tuesday, May 14th.

InPlay Oil Trading Down 1.7 %

InPlay Oil stock traded down C$0.04 during trading on Friday, reaching C$2.35. The company had a trading volume of 174,264 shares, compared to its average volume of 94,617. InPlay Oil has a 12-month low of C$2.03 and a 12-month high of C$2.86. The company has a debt-to-equity ratio of 17.42, a quick ratio of 0.51 and a current ratio of 0.93. The stock’s 50 day moving average price is C$2.40 and its two-hundred day moving average price is C$2.35. The firm has a market capitalization of C$211.88 million, a price-to-earnings ratio of 6.53 and a beta of 2.47.

InPlay Oil (TSE:IPO) last announced its quarterly 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. The company had revenue of C$47.63 million for the quarter, compared to analyst estimates of C$47.90 million. InPlay Oil had a net margin of 20.85% and a return on equity of 11.53%. As a group, equities analysts expect that InPlay Oil will post 0.2748268 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, ATB Capital lowered their price target on InPlay Oil from C$4.25 to C$3.75 and set an “outperform” rating for the company in a research 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.