InPlay Oil (TSE:IPO) Announces Earnings Results

InPlay Oil (TSE:IPO) announced 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 net margin of 2.79% and a negative return on equity of 2.22%. The firm had revenue of C$31.77 million for the quarter.

InPlay Oil Stock Down 4.3%

TSE IPO traded down C$0.73 on Friday, reaching C$16.36. The company had a trading volume of 157,286 shares, compared to its average volume of 119,790. The company’s fifty day moving average is C$16.86 and its 200-day 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$456.10 million, a price-to-earnings ratio of -51.13 and a beta of 0.55. 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 29th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 6.6%. InPlay Oil’s payout ratio is presently -337.50%.

Insider Buying and Selling at InPlay Oil

In other news, insider Kevin Yakiwchuk sold 12,285 shares of the 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 transaction of C$223,341.30. Following the transaction, the insider owned 137,256 shares in the company, valued at approximately C$2,495,314.08. This trade represents a 8.22% decrease in their ownership of the stock. Company insiders own 25.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital lifted their target price 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 investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, InPlay Oil currently has an average rating of “Buy” and a consensus target price 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.