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

Key Points

• InPlay declared a $0.09 monthly dividend per share; shareholders of record on April 30 will receive the payment (ex-dividend date April 15), which equates to about a 6.3% annualized yield.
• Shares trade near C$17.12 with a market cap of C$477.3M and a 12‑month range of C$6.54–C$18.96; the company reported C$1.10 EPS for the quarter on C$82.94M revenue but shows a negative net margin (‑2.79%) and ROE (‑2.22%), with liquidity ratios of quick 0.51 and current 1.10 and debt‑to‑equity of 61.06.
• Analyst sentiment is positive overall: MarketBeat shows an average rating of Buy with an average price target of C$15.70, and Acumen recently raised its target to C$17.50 while assigning a Buy rating (one analyst rates it Strong Buy, three rate it Buy).

InPlay Oil Corp. (TSE:IPO - Get Free Report) declared a monthly dividend on Wednesday, April 15th, TickerTech Dividends reports. Stockholders of record on Thursday, April 30th will be given a dividend of 0.09 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Wednesday, April 15th.

InPlay Oil Price Performance

Shares of IPO stock opened at C$17.12 on Monday. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 61.06. InPlay Oil has a twelve month low of C$6.54 and a twelve month high of C$18.96. The company has a market cap of C$477.29 million, a P/E ratio of -53.50 and a beta of 0.42. The business has a fifty day simple moving average of C$16.50 and a 200 day simple moving average of C$14.05.

InPlay Oil (TSE:IPO - Get Free Report) last released its earnings results on Thursday, March 5th. The company reported C$1.10 earnings per share (EPS) for the quarter. The firm had revenue of C$82.94 million for the quarter. InPlay Oil had a negative return on equity of 2.22% and a negative net margin of 2.79%. On average, sell-side analysts forecast that InPlay Oil will post 0.3500838 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Acumen Capital raised their price target on shares of InPlay Oil from C$17.00 to C$17.50 and gave the company a "buy" rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat, InPlay Oil presently has an average rating of "Buy" and an average price target of C$15.70.

InPlay Oil Company Profile

InPlay Oil Corp is oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company's operations are focused on a concentrated light oil asset base located in West Central Alberta. It derives revenue from selling its production of crude oil, natural gas and NGLs under variable price contracts.

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