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

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Monday, December 15th, TickerTech Dividends reports. Investors of record on Wednesday, December 31st will be given a dividend of 0.09 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Monday, December 15th.

InPlay Oil Trading Up 0.8%

InPlay Oil stock traded up C$0.10 during trading hours on Friday, hitting C$12.89. The company had a trading volume of 34,411 shares, compared to its average volume of 55,970. The firm has a market cap of C$358.83 million, a P/E ratio of 257.80 and a beta of 0.72. The company has a 50-day moving average price of C$12.57 and a two-hundred day moving average price of C$11.31. InPlay Oil has a 1 year low of C$6.54 and a 1 year high of C$13.73. The company has a debt-to-equity ratio of 20.44, a quick ratio of 0.51 and a current ratio of 0.61.

Wall Street Analyst Weigh In

Several research analysts have commented on IPO shares. Canaccord Genuity Group raised their price objective on InPlay Oil from C$14.00 to C$15.00 in a report on Thursday, November 13th. National Bank Financial raised shares of InPlay Oil to a “strong-buy” rating in a research note on Sunday, September 7th. Finally, National Bankshares cut their target price on shares of InPlay Oil from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average target price of C$15.25.

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.