InPlay Oil (TSE:IPO) Reaches New 1-Year High – Should You Buy?

InPlay Oil Corp. (TSE:IPO) reached a new 52-week high during trading on Monday . The company traded as high as C$18.96 and last traded at C$18.60, with a volume of 22422 shares trading hands. The stock had previously closed at C$18.40.

Wall Street Analyst Weigh In

Separately, Acumen Capital raised their price objective on InPlay Oil from C$17.00 to C$17.50 and gave the stock a “buy” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat.com, InPlay Oil presently has an average rating of “Buy” and an average price target of C$15.70.

InPlay Oil Stock Performance

The company has a debt-to-equity ratio of 61.06, a quick ratio of 0.51 and a current ratio of 1.10. The stock’s 50 day moving average price is C$15.84 and its 200 day moving average price is C$13.69. The company has a market capitalization of C$514.37 million, a P/E ratio of -57.66 and a beta of 0.92.

InPlay Oil (TSE:IPO) last released its earnings results on Thursday, March 5th. The company reported C$1.10 earnings per share (EPS) for the quarter. The business had revenue of C$82.94 million for the quarter. InPlay Oil had a negative net margin of 2.79% and a negative return on equity of 2.22%. As a group, equities analysts expect that InPlay Oil Corp. will post 0.3500838 EPS for the current year.

InPlay Oil Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a $0.09 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, March 16th. InPlay Oil’s payout ratio is currently -337.50%.

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. It derives revenue from selling its production of crude oil, natural gas and NGLs under variable price contracts.