InPlay Oil (TSE:IPO) Shares Down 0.9% - What's Next?

InPlay Oil Corp. (TSE:IPO - Get Free Report)'s share price traded down 0.9% during mid-day trading on Monday . The company traded as low as C$8.96 and last traded at C$9.01. 219,750 shares were traded during mid-day trading, an increase of 326% from the average session volume of 51,611 shares. The stock had previously closed at C$9.09.

Analyst Ratings Changes

Separately, ATB Capital set a C$13.00 target price on shares of InPlay Oil and gave the stock an "outperform" rating in a report on Thursday, June 5th.

InPlay Oil Price Performance

The company has a 50 day moving average price of C$8.59 and a 200-day moving average price of C$4.23. The company has a market cap of C$831.18 million, a price-to-earnings ratio of 44.16 and a beta of 2.37. The company has a quick ratio of 0.51, a current ratio of 0.61 and a debt-to-equity ratio of 20.44.

InPlay Oil Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 11.68%. The ex-dividend date of this dividend is Tuesday, July 15th. InPlay Oil's payout ratio is 85.93%.

About InPlay Oil

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.