Inplay Oil Cp (OTCMKTS:IPOOF) Raises Dividend to $0.07 Per Share

Key Points

• INPLAY OIL CP has raised its dividend to $0.07 per share, effective for shareholders of record as of September 16, 2023.
• Despite this increase, the company reported earnings per share of $0.05 for the last quarter, missing analysts' expectations of $0.26.
• The stock has seen a recent increase, with a rise of 5.5% on the day, bringing it to an opening price of $9.12.

Inplay Oil Cp (OTCMKTS:IPOOF - Get Free Report) declared a dividend on Thursday, September 11th, investing.com reports. Investors of record on Tuesday, September 16th will be given a dividend of 0.0655 per share on Tuesday, September 30th. This represents a yield of 861.0%. The ex-dividend date is Monday, September 15th. This is a 0.3% increase from Inplay Oil Cp's previous dividend of $0.07.

Inplay Oil Cp Stock Up 2.0%

OTCMKTS:IPOOF traded up $0.18 during mid-day trading on Tuesday, reaching $9.18. The stock had a trading volume of 14,291 shares, compared to its average volume of 15,840. The company has a market capitalization of $256.57 million, a price-to-earnings ratio of -229.21 and a beta of 0.98. Inplay Oil Cp has a 1-year low of $4.72 and a 1-year high of $9.48. The stock's 50 day simple moving average is $7.88 and its two-hundred day simple moving average is $5.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.20 and a quick ratio of 1.00.

Inplay Oil Cp (OTCMKTS:IPOOF - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.21). The firm had revenue of $67.31 million during the quarter, compared to analyst estimates of $64.71 million. Inplay Oil Cp had a positive return on equity of 1.18% and a negative net margin of 0.63%. Equities analysts anticipate that Inplay Oil Cp will post 0.08 EPS for the current year.

Analysts Set New Price Targets

IPOOF has been the subject of a number of research reports. National Bank Financial upgraded Inplay Oil Cp to a "strong-buy" rating in a research note on Sunday, September 7th. Zacks Research downgraded Inplay Oil Cp from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 20th. Roth Capital upgraded Inplay Oil Cp to a "strong-buy" rating in a research note on Monday, July 14th. Finally, National Bankshares initiated coverage on Inplay Oil Cp in a research note on Monday, September 8th. They issued an "outperform" rating for the company. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Inplay Oil Cp has an average rating of "Buy".

Inplay Oil Cp Company Profile

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.