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) announced a dividend on Thursday, September 11th, investing.com reports. Shareholders 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 5.5%

IPOOF stock opened at $9.12 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.20 and a debt-to-equity ratio of 0.62. INPLAY OIL CP has a 12-month low of $4.72 and a 12-month high of $9.48. The company has a 50 day moving average of $7.75 and a two-hundred day moving average of $5.27. The company has a market cap of $254.90 million, a price-to-earnings ratio of -227.72 and a beta of 0.98.

INPLAY OIL CP (OTCMKTS:IPOOF - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.21). The firm had revenue of $67.31 million for the quarter, compared to analyst estimates of $64.71 million. INPLAY OIL CP had a negative net margin of 0.63% and a positive return on equity of 1.18%. On average, equities analysts anticipate that INPLAY OIL CP will post 0.08 earnings per share for the current fiscal year.

About INPLAY OIL CP

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.

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