InPlay Oil (TSE:IPO) Announces Earnings Results

InPlay Oil (TSE:IPO) issued its earnings results on Thursday. The company reported C$0.78 earnings per share (EPS) for the quarter, FiscalAI reports. InPlay Oil had a negative return on equity of 10.86% and a negative net margin of 12.40%.The firm had revenue of C$248.23 million for the quarter.

InPlay Oil Stock Performance

IPO traded down C$0.34 on Friday, hitting C$16.33. The company’s stock had a trading volume of 138,068 shares, compared to its average volume of 115,449. InPlay Oil has a 12 month low of C$10.85 and a 12 month high of C$18.96. The firm has a market cap of C$457.34 million, a P/E ratio of -11.92 and a beta of 0.35. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 72.27. The company’s 50 day simple moving average is C$15.20 and its 200-day simple moving average is C$16.06.

InPlay Oil Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 31st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 6.6%. InPlay Oil’s dividend payout ratio (DPR) is -78.83%.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial cut their price target on InPlay Oil from C$27.50 to C$22.50 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, InPlay Oil currently has an average rating of “Buy” and a consensus price target of C$18.33.

About InPlay Oil

InPlay is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities.