InPlay Oil (TSE:IPO) Releases Quarterly Earnings Results

InPlay Oil (TSE:IPO) announced its quarterly earnings results on Thursday. The company reported C$0.78 EPS for the quarter, FiscalAI reports. The business had revenue of C$248.23 million for the quarter. InPlay Oil had a negative return on equity of 10.86% and a negative net margin of 12.40%.

InPlay Oil Price Performance

Shares of TSE IPO opened at C$16.33 on Friday. The company has a debt-to-equity ratio of 72.27, a current ratio of 0.82 and a quick ratio of 0.51. The company has a market cap of C$457.34 million, a price-to-earnings ratio of -11.92 and a beta of 0.35. The stock’s 50-day moving average is C$15.20 and its two-hundred day moving average is C$16.06. InPlay Oil has a 1-year low of C$10.85 and a 1-year high of C$18.96.

InPlay Oil Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 6.6%. InPlay Oil’s dividend payout ratio is -78.83%.

Analysts Set New Price Targets

Separately, National Bank Financial lowered their target price on shares of InPlay Oil from C$27.50 to C$22.50 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$18.33.

About InPlay Oil

InPlay is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities.