Analysts Offer Predictions for InPlay Oil Corp.’s FY2022 Earnings (TSE:IPO)

InPlay Oil Corp. (TSE:IPO – Get Rating) – Research analysts at Atb Cap Markets issued their FY2022 EPS estimates for InPlay Oil in a research report issued on Tuesday, January 17th. Atb Cap Markets analyst A. Arif expects that the company will earn $0.86 per share for the year. Atb Cap Markets has a “Outperform” rating on the stock. The consensus estimate for InPlay Oil’s current full-year earnings is $1.13 per share. Atb Cap Markets also issued estimates for InPlay Oil’s Q4 2022 earnings at $0.17 EPS, Q1 2023 earnings at $0.13 EPS, Q2 2023 earnings at $0.11 EPS, Q3 2023 earnings at $0.13 EPS and Q4 2023 earnings at $0.14 EPS.

Separately, Noble Financial reissued a “buy” rating and set a C$6.00 price target on shares of InPlay Oil in a research note on Thursday.

InPlay Oil Price Performance

IPO opened at C$2.98 on Friday. InPlay Oil has a one year low of C$2.25 and a one year high of C$5.11. The company has a debt-to-equity ratio of 15.34, a current ratio of 0.75 and a quick ratio of 0.51. The company’s 50 day simple moving average is C$3.03 and its 200-day simple moving average is C$3.13. The stock has a market capitalization of C$259.71 million and a P/E ratio of 2.07.

InPlay Oil (TSE:IPO – Get Rating) last released its quarterly earnings results on Wednesday, November 9th. The company reported C$0.17 EPS for the quarter. The company had revenue of C$56.99 million for the quarter.

InPlay Oil Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, January 30th. Shareholders of record on Monday, January 16th will be issued a $0.015 dividend. The ex-dividend date is Friday, January 13th. This represents a $0.18 annualized dividend and a yield of 6.04%. InPlay Oil’s dividend payout ratio (DPR) is presently 12.50%.

About InPlay Oil

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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 primarily holds interests in the Cardium assets located in West Central Alberta that focus on the Pembina and Willesden Green pools.