Atb Cap Markets Predicts Reduced Earnings for InPlay Oil

InPlay Oil Corp. (OTCMKTS:IPOOF) – Atb Cap Markets lowered their FY2024 earnings per share estimates for InPlay Oil in a research report issued on Thursday, November 14th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.09 for the year, down from their prior estimate of $0.18. The consensus estimate for InPlay Oil’s current full-year earnings is $0.09 per share. Atb Cap Markets also issued estimates for InPlay Oil’s Q4 2024 earnings at $0.03 EPS, Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.04 EPS, FY2026 earnings at $0.11 EPS and FY2027 earnings at $0.04 EPS.

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

InPlay Oil Stock Up 2.0 %

InPlay Oil stock opened at $1.27 on Monday. The firm has a market capitalization of $114.45 million, a P/E ratio of 8.89 and a beta of 1.62. The company has a 50-day simple moving average of $1.43 and a 200-day simple moving average of $1.56. InPlay Oil has a one year low of $1.22 and a one year high of $1.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.75 and a current ratio of 1.00.

InPlay Oil Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.0108 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a dividend yield of 10.5%. InPlay Oil’s dividend payout ratio (DPR) is 92.86%.

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.