InPlay Oil (TSE:IPO) Posts Earnings Results

InPlay Oil (TSE:IPO) issued its earnings results on Thursday. The company reported C$1.10 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$82.94 million during the quarter. InPlay Oil had a negative net margin of 3.47% and a negative return on equity of 2.59%.

InPlay Oil Stock Performance

IPO stock opened at C$16.71 on Friday. The company has a debt-to-equity ratio of 61.02, a current ratio of 0.84 and a quick ratio of 0.51. The business has a 50-day moving average price of C$14.44 and a 200 day moving average price of C$13.05. The company has a market capitalization of C$465.17 million, a P/E ratio of 334.20 and a beta of 0.92. InPlay Oil has a 1-year low of C$6.54 and a 1-year high of C$17.47.

InPlay Oil Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 27th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 6.5%. InPlay Oil’s dividend payout ratio (DPR) is currently 2,160.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Acumen Capital lifted their price objective on shares of InPlay Oil from C$17.00 to C$17.50 and gave the company a “buy” rating in a report on Friday. Canaccord Genuity Group raised their target price on shares of InPlay Oil from C$14.00 to C$15.00 in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$15.70.

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.