InPlay Oil (TSE:IPO) Posts Earnings Results

InPlay Oil (TSE:IPO) announced its earnings results on Thursday. The company reported C$1.10 earnings per share (EPS) for the quarter, FiscalAI reports. InPlay Oil had a negative net margin of 3.47% and a negative return on equity of 2.59%. The company had revenue of C$82.94 million during the quarter.

InPlay Oil Trading Up 1.8%

Shares of InPlay Oil stock opened at C$17.40 on Friday. The company has a debt-to-equity ratio of 61.02, a quick ratio of 0.51 and a current ratio of 0.84. The company has a fifty day moving average of C$14.34 and a 200 day moving average of C$13.01. InPlay Oil has a fifty-two week low of C$6.54 and a fifty-two week high of C$17.47. The company has a market capitalization of C$484.38 million, a P/E ratio of 348.00 and a beta of 0.92.

InPlay Oil Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 27th were given a dividend of $0.09 per share. The ex-dividend date was Friday, February 13th. This represents a c) annualized dividend and a yield of 6.2%. InPlay Oil’s payout ratio is 2,160.00%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their target price on shares of InPlay Oil from C$14.00 to C$15.00 in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$15.25.

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.