InPlay Oil (TSE:IPO) Releases Earnings Results

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

InPlay Oil Price Performance

Shares of TSE:IPO opened at C$16.51 on Thursday. The company has a debt-to-equity ratio of 61.02, a quick ratio of 0.51 and a current ratio of 0.84. The firm has a market cap of C$459.61 million, a price-to-earnings ratio of 330.20 and a beta of 1.05. The business has a 50-day simple moving average of C$14.24 and a two-hundred day simple moving average of C$12.98. InPlay Oil has a fifty-two week low of C$6.54 and a fifty-two week high of C$16.96.

InPlay Oil Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, 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 analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, InPlay Oil presently has a consensus rating of “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. It derives revenue from selling its production of crude oil, natural gas and NGLs under variable price contracts.