Short Interest in InPlay Oil Corp. (OTCMKTS:IPOOF) Rises By 26.2%

InPlay Oil Corp. (OTCMKTS:IPOOF) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 319,600 shares, an increase of 26.2% from the October 15th total of 253,300 shares. Based on an average daily trading volume, of 68,200 shares, the short-interest ratio is currently 4.7 days.

Analysts Set New Price Targets

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

InPlay Oil Stock Performance

Shares of OTCMKTS IPOOF traded down $0.04 during mid-day trading on Friday, hitting $1.25. 18,777 shares of the company were exchanged, compared to its average volume of 45,698. The stock has a 50 day simple moving average of $1.43 and a 200-day simple moving average of $1.56. The firm has a market cap of $112.20 million, a price-to-earnings ratio of 6.23 and a beta of 1.62. 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 has a 1-year low of $1.22 and a 1-year high of $1.99.

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

InPlay Oil Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a dividend of $0.0108 per share. This represents a dividend yield of 10.5%. The ex-dividend date is Friday, November 15th. InPlay Oil’s dividend payout ratio (DPR) is presently 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.