InPlay Oil (TSE:IPO) Sets New 52-Week High – Here’s Why

InPlay Oil Corp. (TSE:IPO) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$18.11 and last traded at C$18.04, with a volume of 46018 shares traded. The stock had previously closed at C$17.54.

Analyst Ratings Changes

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 report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$15.70.

InPlay Oil Price Performance

The firm has a 50-day simple moving average of C$15.14 and a two-hundred day simple moving average of C$13.37. The company has a market capitalization of C$514.37 million, a price-to-earnings ratio of -57.66 and a beta of 0.92. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 61.06.

InPlay Oil (TSE:IPO) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$1.10 earnings per share (EPS) for the quarter. The business had revenue of C$82.94 million during the quarter. InPlay Oil had a negative return on equity of 2.22% and a negative net margin of 2.79%. As a group, analysts predict that InPlay Oil Corp. will post 0.3500838 earnings per share for the current fiscal year.

InPlay Oil Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. InPlay Oil’s dividend payout ratio (DPR) is presently -337.50%.

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.