InPlay Oil Corp. (TSE:IPO) to Issue Monthly Dividend of $0.09

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Tuesday, September 15th. Investors of record on Tuesday, September 29th will be given a dividend of 0.09 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Tuesday, September 15th.

InPlay Oil Stock Up 0.9%

IPO stock traded up C$0.17 during trading on Friday, reaching C$18.17. The stock had a trading volume of 77,409 shares, compared to its average volume of 113,399. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 76.05. The company has a market capitalization of C$502.40 million, a price-to-earnings ratio of -40.38 and a beta of 0.41. InPlay Oil has a one year low of C$11.00 and a one year high of C$18.96. The company’s 50 day moving average is C$16.06 and its two-hundred day moving average is C$16.39.

InPlay Oil (TSE:IPO) last posted its earnings results on Thursday, August 13th. The company reported C$0.78 EPS for the quarter. InPlay Oil had a negative net margin of 4.07% and a negative return on equity of 3.81%. The firm had revenue of C$248.23 million for the quarter. Equities research analysts forecast that InPlay Oil will post 0.3500838 EPS for the current year.

Wall Street Analysts Forecast Growth

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