INPLAY OIL CP (OTCMKTS:IPOOF) Announces Quarterly Earnings Results, Misses Estimates By $0.21 EPS

Key Points

• Inplay Oil Cp reported quarterly earnings of $0.05 EPS, missing expectations by $0.15, with a return on equity of 2.45% and a net margin of 3.73%.
• The company announced a dividend cut, declaring a dividend of $0.0653 per share, which yields 994.0% but has a payout ratio of 268.97%.
• Roth Capital upgraded Inplay Oil Cp to a "strong-buy" rating on July 14th, indicating a positive outlook from analysts.

INPLAY OIL CP (OTCMKTS:IPOOF - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.21), Zacks reports. INPLAY OIL CP had a negative net margin of 0.63% and a positive return on equity of 1.28%. The company had revenue of $67.31 million for the quarter, compared to analysts' expectations of $64.71 million.

INPLAY OIL CP Stock Performance

INPLAY OIL CP stock traded down $0.01 during mid-day trading on Friday, reaching $8.09. 23,526 shares of the company were exchanged, compared to its average volume of 13,600. INPLAY OIL CP has a twelve month low of $4.72 and a twelve month high of $9.80. The firm's 50-day simple moving average is $7.29 and its two-hundred day simple moving average is $4.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 0.89. The firm has a market cap of $226.12 million, a PE ratio of -202.00 and a beta of 0.95.

INPLAY OIL CP Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a $0.0653 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 994.0%. INPLAY OIL CP's dividend payout ratio is 268.97%.

Wall Street Analyst Weigh In

Separately, Roth Capital raised INPLAY OIL CP to a "strong-buy" rating in a report on Monday, July 14th.

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.