InPlay Oil Corp. (IPO) to Issue Monthly Dividend of $0.02 on February 29th

InPlay Oil Corp. (TSE:IPOGet Free Report) announced a monthly dividend on Thursday, February 1st, TickerTech reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.015 per share on Thursday, February 29th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 8.29%. The ex-dividend date is Wednesday, February 14th.

InPlay Oil Stock Performance

Shares of IPO opened at C$2.17 on Monday. The company has a debt-to-equity ratio of 15.16, a current ratio of 0.75 and a quick ratio of 0.51. InPlay Oil has a one year low of C$2.03 and a one year high of C$2.96. The company has a 50-day simple moving average of C$2.23 and a two-hundred day simple moving average of C$2.46. The firm has a market capitalization of C$197.32 million, a PE ratio of 4.72 and a beta of 2.39.

InPlay Oil (TSE:IPOGet Free Report) last released its earnings results on Thursday, November 9th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). InPlay Oil had a net margin of 25.63% and a return on equity of 15.50%. The business had revenue of C$46.67 million for the quarter, compared to analysts’ expectations of C$48.30 million. On average, analysts anticipate that InPlay Oil will post 0.3198198 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on IPO. Canaccord Genuity Group raised their price target on shares of InPlay Oil from C$4.75 to C$5.00 in a research report on Friday, October 20th. ATB Capital cut their target price on shares of InPlay Oil from C$4.25 to C$3.75 and set an “outperform” rating for the company in a research report on Thursday, January 18th.

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InPlay Oil Company Profile

(Get Free Report)

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 also produces light-oil primarily in the Willesden Green area of central Alberta.

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Dividend History for InPlay Oil (TSE:IPO)

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