InPlay Oil Corp. to Post Q1 2024 Earnings of $0.04 Per Share, Atb Cap Markets Forecasts (TSE:IPO)

InPlay Oil Corp. (TSE:IPO - Free Report) - Stock analysts at Atb Cap Markets decreased their Q1 2024 earnings per share estimates for InPlay Oil in a report released on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.06. The consensus estimate for InPlay Oil's current full-year earnings is $0.29 per share. Atb Cap Markets also issued estimates for InPlay Oil's FY2024 earnings at $0.29 EPS, FY2025 earnings at $0.23 EPS, FY2027 earnings at $0.05 EPS and FY2028 earnings at $0.02 EPS.

Separately, ATB Capital dropped their target price on InPlay Oil from C$4.25 to C$3.75 and set an "outperform" rating for the company in a research report on Thursday, January 18th.

InPlay Oil Trading Up 2.1 %

InPlay Oil stock traded up C$0.05 during trading hours on Tuesday, hitting C$2.47. The stock had a trading volume of 65,258 shares, compared to its average volume of 92,873. The company has a quick ratio of 0.51, a current ratio of 0.93 and a debt-to-equity ratio of 17.42. The stock has a market cap of C$222.70 million, a price-to-earnings ratio of 6.72 and a beta of 2.51. InPlay Oil has a one year low of C$2.03 and a one year high of C$2.86. The business's 50 day simple moving average is C$2.37 and its 200-day simple moving average is C$2.37.

InPlay Oil (TSE:IPO - Get Free Report) last released its quarterly earnings data on Wednesday, March 13th. The company reported C$0.13 earnings per share for the quarter, beating the consensus estimate of C$0.10 by C$0.03. The business had revenue of C$47.63 million for the quarter, compared to analyst estimates of C$47.90 million. InPlay Oil had a return on equity of 11.53% and a net margin of 20.85%.

InPlay Oil Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a dividend of $0.015 per share. The ex-dividend date is Friday, April 12th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 7.29%. InPlay Oil's dividend payout ratio (DPR) is 50.00%.

InPlay Oil 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.