InPlay Oil Corp. Forecasted to Earn Q3 2024 Earnings of $0.00 Per Share (OTCMKTS:IPOOF)

InPlay Oil Corp. (OTCMKTS:IPOOF) – Noble Financial issued their Q3 2024 earnings estimates for InPlay Oil in a report released on Monday, October 7th. Noble Financial analyst M. Reichman expects that the company will earn $0.00 per share for the quarter. Noble Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for InPlay Oil’s current full-year earnings is $0.16 per share. Noble Financial also issued estimates for InPlay Oil’s Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.10 EPS, Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at $0.18 EPS.

InPlay Oil (OTCMKTS:IPOOF) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $30.30 million during the quarter, compared to the consensus estimate of $30.58 million. InPlay Oil had a net margin of 15.05% and a return on equity of 8.94%.

InPlay Oil Stock Performance

Shares of OTCMKTS:IPOOF opened at $1.53 on Wednesday. The company has a market cap of $139.40 million, a price-to-earnings ratio of 7.65 and a beta of 1.60. The company has a 50-day moving average price of $1.54 and a 200-day moving average price of $1.64. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.19. InPlay Oil has a 12 month low of $1.42 and a 12 month high of $2.02.

InPlay Oil Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be given a dividend of $0.0111 per share. The ex-dividend date is Tuesday, October 15th. This represents a dividend yield of 8.62%. This is a boost from InPlay Oil’s previous dividend of $0.01. InPlay Oil’s payout ratio is currently 65.00%.

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.