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

InPlay Oil Corp. (TSE:IPO) shares hit 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 changing hands. The stock had previously closed at C$18.40.

Analyst Upgrades and Downgrades

Separately, Acumen Capital raised their price objective on InPlay Oil from C$17.00 to C$17.50 and gave the company a “buy” rating in a report on Friday, March 6th. One equities 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, InPlay Oil presently has an average rating of “Buy” and an average target price of C$15.70.

InPlay Oil Trading Up 0.3%

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

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

InPlay Oil Dividend Announcement

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