InPlay Oil (TSE:IPO) Issues Earnings Results

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

InPlay Oil Trading Down 2.0%

IPO stock traded down C$0.34 during midday trading on Friday, hitting C$16.33. The company had a trading volume of 138,068 shares, compared to its average volume of 115,449. The stock has a market cap of C$457.34 million, a price-to-earnings ratio of -11.92 and a beta of 0.35. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 72.27. The stock’s 50 day moving average price is C$15.20 and its 200 day moving average price is C$16.06. InPlay Oil has a 52 week low of C$10.85 and a 52 week high of C$18.96.

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InPlay Oil Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on IPO

About InPlay Oil

(Get Free Report)

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.

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