InPlay Oil Corp. (TSE:IPO) Declares Monthly Dividend of $0.09

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Monday, June 15th, TickerTech Dividends reports. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.09 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Monday, June 15th.

InPlay Oil Stock Down 1.4%

Shares of IPO stock traded down C$0.24 during trading hours on Friday, hitting C$16.59. 106,662 shares of the company were exchanged, compared to its average volume of 117,638. The business has a 50 day moving average of C$16.89 and a two-hundred day moving average of C$15.34. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 72.27. InPlay Oil has a 52 week low of C$8.96 and a 52 week high of C$18.96. The company has a market capitalization of C$464.62 million, a PE ratio of -12.11 and a beta of 0.34.

InPlay Oil (TSE:IPO) last issued its quarterly earnings data on Friday, May 8th. The company reported C($1.24) earnings per share (EPS) for the quarter. InPlay Oil had a negative return on equity of 10.86% and a negative net margin of 12.40%.The company had revenue of C$31.77 million for the quarter. Analysts anticipate that InPlay Oil will post 0.3500838 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Acumen Capital increased their price objective on shares of InPlay Oil from C$17.00 to C$17.50 and gave the stock a “buy” rating in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$16.38.

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.