Q2 2024 EPS Estimates for InPlay Oil Corp. Raised by Noble Financial (TSE:IPO)

InPlay Oil Corp. (TSE:IPO) – Stock analysts at Noble Financial upped their Q2 2024 earnings per share (EPS) estimates for InPlay Oil in a research note issued on Monday, July 8th. Noble Financial analyst M. Heim now anticipates that the company will post earnings per share of $0.04 for the quarter, up from their prior forecast of $0.03. The consensus estimate for InPlay Oil’s current full-year earnings is $0.53 per share. Noble Financial also issued estimates for InPlay Oil’s Q3 2024 earnings at $0.05 EPS, FY2024 earnings at $0.18 EPS and FY2025 earnings at $0.26 EPS.

InPlay Oil (TSE:IPO) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.04). InPlay Oil had a return on equity of 8.76% and a net margin of 16.44%. The company had revenue of C$38.00 million for the quarter, compared to analysts’ expectations of C$43.25 million.

Separately, Acumen Capital lowered their price target on InPlay Oil from C$4.00 to C$3.75 in a report on Monday, May 13th.

InPlay Oil Stock Performance

TSE IPO opened at C$2.25 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.68 and a debt-to-equity ratio of 18.92. InPlay Oil has a 52-week low of C$2.03 and a 52-week high of C$2.86. The business’s 50-day moving average price is C$2.25 and its 200 day moving average price is C$2.30. The firm has a market cap of C$202.77 million, a P/E ratio of 8.04 and a beta of 2.47.

InPlay Oil Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 31st will be issued a $0.015 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date is Monday, July 15th. InPlay Oil’s dividend payout ratio is presently 64.29%.

About InPlay Oil

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.