InPlay Oil (TSE:IPO) Price Target Raised to C$17.50 at Acumen Capital

InPlay Oil (TSE:IPO) had its target price upped by Acumen Capital from C$17.00 to C$17.50 in a research report report published on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group lifted their target price on shares of InPlay Oil from C$14.00 to C$15.00 in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$15.70.

InPlay Oil Trading Down 2.3%

IPO stock traded down C$0.39 on Friday, reaching C$16.71. The company’s stock had a trading volume of 98,689 shares, compared to its average volume of 74,026. The business has a fifty day simple moving average of C$14.44 and a two-hundred day simple moving average of C$13.05. InPlay Oil has a 12-month low of C$6.54 and a 12-month high of C$17.47. The firm has a market cap of C$465.17 million, a PE ratio of 334.20 and a beta of 0.92. The company has a debt-to-equity ratio of 61.02, a quick ratio of 0.51 and a current ratio of 0.84.

InPlay Oil (TSE:IPO) last released its quarterly earnings results on Thursday, March 5th. The company reported C$1.10 earnings per share for the quarter. The business had revenue of C$82.94 million for the quarter. InPlay Oil had a negative net margin of 3.47% and a negative return on equity of 2.59%. As a group, research analysts forecast that InPlay Oil will post 0.3500838 EPS for the current year.

InPlay Oil Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 27th were given a dividend of $0.09 per share. The ex-dividend date was Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 6.5%. InPlay Oil’s payout ratio is currently 2,160.00%.

InPlay Oil Company Profile

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.