Atb Cap Markets Comments on InPlay Oil Corp.’s Q1 2024 Earnings (TSE:IPO)

InPlay Oil Corp. (TSE:IPO) – Stock analysts at Atb Cap Markets decreased their Q1 2024 earnings per share estimates for shares of InPlay Oil in a note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.04 for the quarter, down from their prior estimate of $0.06. The consensus estimate for InPlay Oil’s current full-year earnings is $0.29 per share. Atb Cap Markets also issued estimates for InPlay Oil’s FY2024 earnings at $0.29 EPS, FY2025 earnings at $0.23 EPS, FY2027 earnings at $0.05 EPS and FY2028 earnings at $0.02 EPS.

InPlay Oil (TSE:IPO) last announced its quarterly earnings results on Wednesday, March 13th. The company reported C$0.13 EPS for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.03. The business had revenue of C$47.63 million for the quarter, compared to analysts’ expectations of C$47.90 million. InPlay Oil had a return on equity of 11.53% and a net margin of 20.85%.

Separately, ATB Capital decreased their price target on InPlay Oil from C$4.25 to C$3.75 and set an “outperform” rating on the stock in a research note on Thursday, January 18th.

InPlay Oil Price Performance

Shares of InPlay Oil stock opened at C$2.48 on Tuesday. The company has a debt-to-equity ratio of 17.42, a current ratio of 0.93 and a quick ratio of 0.51. The business’s 50 day simple moving average is C$2.39 and its two-hundred day simple moving average is C$2.37. The stock has a market capitalization of C$223.60 million, a P/E ratio of 6.89 and a beta of 2.51. InPlay Oil has a one year low of C$2.03 and a one year high of C$2.86.

InPlay Oil Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.18 annualized dividend and a dividend yield of 7.26%. InPlay Oil’s dividend payout ratio (DPR) is presently 50.00%.

InPlay Oil Company Profile

InPlay Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in Canada. The company produces and sells crude oil, natural gas, and natural gas liquids. It focuses on light oil asset base located in West Central, Alberta. InPlay Oil Corp.