InPlay Oil Corp. (OTCMKTS:IPOOF) Plans Dividend of $0.01

InPlay Oil Corp. (OTCMKTS:IPOOF) announced a dividend on Wednesday, November 13th,investing.com reports. Investors of record on Monday, November 18th will be given a dividend of 0.0108 per share on Friday, November 29th. This represents a yield of 10.5%. The ex-dividend date of this dividend is Friday, November 15th.

InPlay Oil Stock Performance

Shares of IPOOF traded up $0.02 during midday trading on Thursday, reaching $1.25. 13,707 shares of the stock were exchanged, compared to its average volume of 45,355. The stock’s 50 day simple moving average is $1.44 and its 200 day simple moving average is $1.57. The company has a market cap of $112.65 million, a P/E ratio of 6.25 and a beta of 1.62. InPlay Oil has a twelve month low of $1.22 and a twelve month high of $1.99. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

InPlay Oil (OTCMKTS:IPOOF) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. InPlay Oil had a net margin of 15.05% and a return on equity of 8.94%. The company had revenue of $30.30 million during the quarter, compared to the consensus estimate of $30.58 million. On average, sell-side analysts expect that InPlay Oil will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Noble Financial upgraded shares of InPlay Oil to a “strong-buy” rating in a research note on Monday, October 7th.

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.