InPlay Oil Corp. Forecasted to Earn Q1 2024 Earnings of $0.04 Per Share (TSE:IPO)

InPlay Oil Corp. (TSE:IPO) – Equities researchers at Atb Cap Markets reduced their Q1 2024 EPS estimates for shares of InPlay Oil in a research note issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will earn $0.04 per share for the quarter, down from their prior forecast of $0.06. The consensus estimate for InPlay Oil’s current full-year earnings is $0.29 per share. Atb Cap Markets also issued estimates for InPlay Oil’s FY2024 earnings at $0.29 EPS, FY2025 earnings at $0.23 EPS, FY2027 earnings at $0.05 EPS and FY2028 earnings at $0.02 EPS.

InPlay Oil (TSE:IPO) last posted its quarterly earnings data on Wednesday, March 13th. The company reported C$0.13 earnings per share for the quarter, beating the consensus estimate of C$0.10 by C$0.03. InPlay Oil had a net margin of 20.85% and a return on equity of 11.53%. The company had revenue of C$47.63 million during the quarter, compared to analyst estimates of C$47.90 million.

Separately, ATB Capital reduced their price objective on shares of InPlay Oil from C$4.25 to C$3.75 and set an “outperform” rating for the company in a research report on Thursday, January 18th.

InPlay Oil Stock Performance

TSE:IPO opened at C$2.42 on Tuesday. InPlay Oil has a twelve month low of C$2.03 and a twelve month high of C$2.86. The company has a current ratio of 0.93, a quick ratio of 0.51 and a debt-to-equity ratio of 17.42. The company has a 50-day moving average of C$2.37 and a 200-day moving average of C$2.37. The firm has a market cap of C$218.19 million, a price-to-earnings ratio of 6.72 and a beta of 2.51.

InPlay Oil Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.18 annualized dividend and a dividend yield of 7.44%. InPlay Oil’s dividend payout ratio (DPR) is 50.00%.

InPlay Oil Company Profile

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.