InPlay Oil (IPO) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for InPlay Oil in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IPO shares.
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3 equities research analysts have issued twelve-month price objectives for InPlay Oil's stock. Their IPO share price forecasts range from C$4.50 to C$6.00. On average, they anticipate the company's share price to reach C$5.25 in the next year. This suggests a possible upside of 104.3% from the stock's current price.
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InPlay Oil's stock was trading at C$3.03 at the start of the year. Since then, IPO shares have decreased by 15.2% and is now trading at C$2.57.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
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InPlay Oil Corp. (TSE:IPO) released its earnings results on Wednesday, March, 15th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.06. The business earned $58.16 million during the quarter. InPlay Oil had a trailing twelve-month return on equity of 30.44% and a net margin of 38.50%.

InPlay Oil announced a monthly dividend on Thursday, June 1st. Investors of record on Thursday, June 15th will be paid a dividend of 0.015 per share on Friday, June 30th. This represents a $0.18 annualized dividend and a yield of 7.00%. The ex-dividend date is Wednesday, June 14th.
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InPlay Oil (TSE:IPO) pays an annual dividend of C$0.18 per share and currently has a dividend yield of 7.14%. IPO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 21.69%. This payout ratio is at a healthy, sustainable level, below 75%.
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Based on aggregate information from My MarketBeat watchlists, some companies that other InPlay Oil investors own include Primero Mining (P), Birchcliff Energy (BIR), MEG Energy (MEG), TORC Oil & Gas Ltd. (TOG.TO) (TOG), NuVista Energy (NVA), Tamarack Valley Energy (TVE), Seven Generations Energy (VII), Whitecap Resources (WCP), AltaGas (ALA) and Athabasca Oil (ATH).

InPlay Oil trades on the Toronto Stock Exchange (TSX) under the ticker symbol "IPO."

Shares of IPO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of IPO stock can currently be purchased for approximately C$2.57.

InPlay Oil (TSE:IPO) has a market capitalization of C$228.19 million and generates C$193.29 million in revenue each year. The company earns C$74.41 million in net income (profit) each year or C$0.83 on an earnings per share basis.

The official website for the company is www.inplayoil.com. The company can be reached via phone at 587-955-9570.