InPlay Oil Corp. (IPO) To Go Ex-Dividend on June 15th

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Monday, June 15th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.09 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Monday, June 15th.

InPlay Oil Trading Down 1.4%

InPlay Oil stock traded down C$0.24 during trading hours on Friday, reaching C$16.59. The stock had a trading volume of 106,662 shares, compared to its average volume of 117,638. The stock has a market cap of C$464.62 million, a PE ratio of -12.11 and a beta of 0.34. InPlay Oil has a 52 week low of C$8.96 and a 52 week high of C$18.96. The company has a debt-to-equity ratio of 72.27, a current ratio of 0.82 and a quick ratio of 0.51. The company has a fifty day simple moving average of C$16.89 and a 200-day simple moving average of C$15.34.

InPlay Oil (TSE:IPO) last announced its quarterly earnings results on Friday, May 8th. The company reported C($1.24) earnings per share (EPS) for the quarter. The firm had revenue of C$31.77 million during the quarter. InPlay Oil had a negative return on equity of 10.86% and a negative net margin of 12.40%. Analysts forecast that InPlay Oil will post 0.3500838 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Acumen Capital lifted their target price on shares of InPlay Oil from C$17.00 to C$17.50 and gave the company a “buy” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$16.38.

InPlay Oil Company Profile

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.