Inplay Oil Cp (OTCMKTS:IPOOF) Trading Down 1.2% – What’s Next?

Inplay Oil Cp (OTCMKTS:IPOOF)’s stock price fell 1.2% during trading on Monday . The company traded as low as $9.28 and last traded at $9.2950. 4,808 shares traded hands during trading, a decline of 64% from the average session volume of 13,311 shares. The stock had previously closed at $9.41.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IPOOF shares. National Bankshares started coverage on Inplay Oil Cp in a research report on Monday, September 8th. They issued an “outperform” rating on the stock. Zacks Research downgraded Inplay Oil Cp from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Finally, National Bank Financial raised Inplay Oil Cp to a “strong-buy” rating in a report on Sunday, September 7th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Inplay Oil Cp Price Performance

The firm has a market cap of $259.89 million, a P/E ratio of -54.66 and a beta of 0.64. The firm’s fifty day simple moving average is $8.98 and its 200 day simple moving average is $8.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.20.

Inplay Oil Cp (OTCMKTS:IPOOF) last posted its earnings results on Wednesday, November 12th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). Inplay Oil Cp had a negative return on equity of 0.40% and a negative net margin of 2.27%.The firm had revenue of $57.62 million during the quarter, compared to analysts’ expectations of $62.19 million. As a group, analysts forecast that Inplay Oil Cp will post 0.08 earnings per share for the current year.

Inplay Oil Cp Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 31st. Stockholders of record on Thursday, October 16th were issued a dividend of $0.0647 per share. This represents a dividend yield of 868.0%. The ex-dividend date of this dividend was Wednesday, October 15th. Inplay Oil Cp’s dividend payout ratio is -452.94%.

About Inplay Oil Cp

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.