InPlay Oil (TSE:IPO) Trading 4.1% Higher - What's Next?

Shares of InPlay Oil Corp. (TSE:IPO - Get Free Report) traded up 4.1% during trading on Tuesday . The stock traded as high as C$9.40 and last traded at C$9.32. 93,552 shares traded hands during trading, an increase of 130% from the average session volume of 40,711 shares. The stock had previously closed at C$8.95.

Analysts Set New Price Targets

Separately, ATB Capital set a C$13.00 target price on InPlay Oil and gave the company an "outperform" rating in a research report on Thursday.

InPlay Oil Stock Performance

The stock's 50-day moving average is C$5.95 and its 200-day moving average is C$3.16. The company has a debt-to-equity ratio of 20.44, a current ratio of 0.61 and a quick ratio of 0.51. The stock has a market cap of C$838.37 million, a price-to-earnings ratio of 44.54 and a beta of 2.37.

InPlay Oil Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were paid a dividend of $0.09 per share. This is an increase from InPlay Oil's previous monthly dividend of $0.02. The ex-dividend date was Thursday, May 15th. This represents a $1.08 annualized dividend and a yield of 11.58%. InPlay Oil's payout ratio is 85.93%.

About InPlay Oil

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.