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

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Thursday, October 15th. Investors of record on Friday, October 30th will be paid a dividend of $0.09 per share on Friday, October 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Thursday, October 15th.

InPlay Oil Stock Performance

InPlay Oil stock opened at C$17.82 on Tuesday. The firm has a 50 day moving average of C$17.02 and a 200 day moving average of C$16.46. The firm has a market capitalization of C$492.72 million, a price-to-earnings ratio of -39.60 and a beta of 0.56. InPlay Oil has a 12-month low of C$11.00 and a 12-month high of C$18.96. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 76.05.

InPlay Oil (TSE:IPO) last released its earnings results on Thursday, August 13th. The company reported C$0.78 EPS for the quarter. InPlay Oil had a negative net margin of 4.07% and a negative return on equity of 3.81%. The company had revenue of C$248.23 million for the quarter. As a group, research analysts predict that InPlay Oil will post 0.35 earnings per share for the current year.

Analyst Ratings Changes

Separately, National Bank Financial dropped their price target on shares of InPlay Oil from C$27.50 to C$22.50 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$18.33.

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.