InPlay Oil (TSE:IPO) Releases Earnings Results

InPlay Oil (TSE:IPO) issued its quarterly earnings results on Friday. The company reported C($1.24) EPS for the quarter, FiscalAI reports. InPlay Oil had a negative return on equity of 10.86% and a negative net margin of 12.40%.The company had revenue of C$31.77 million during the quarter.

InPlay Oil Stock Performance

InPlay Oil stock opened at C$16.22 on Friday. InPlay Oil has a 12-month low of C$7.55 and a 12-month high of C$18.96. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 72.27. The business’s 50-day moving average price is C$16.86 and its two-hundred day moving average price is C$14.52. The stock has a market cap of C$452.20 million, a PE ratio of -50.69 and a beta of 0.55.

InPlay Oil Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 29th will be given a $0.09 dividend. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, May 15th. InPlay Oil’s payout ratio is currently -337.50%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at InPlay Oil

In other InPlay Oil news, insider Kevin Yakiwchuk sold 12,285 shares of InPlay Oil stock in a transaction dated Friday, March 27th. The stock was sold at an average price of C$18.18, for a total value of C$223,341.30. Following the transaction, the insider owned 137,256 shares in the company, valued at C$2,495,314.08. The trade was a 8.22% decrease in their ownership of the stock. 25.31% of the stock is currently owned by corporate insiders.

InPlay Oil Company Profile

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.