InPlay Oil (OTCMKTS:IPOOF) Sets New 52-Week High – Still a Buy?

InPlay Oil Corp. (OTCMKTS:IPOOF) shares reached a new 52-week high on Monday . The stock traded as high as $6.12 and last traded at $5.80, with a volume of 3501 shares traded. The stock had previously closed at $0.90.

InPlay Oil Trading Up 545.8%

The company has a market capitalization of $650.85 million, a price-to-earnings ratio of 41.43 and a beta of 0.82. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $2.87 and its two-hundred day simple moving average is $1.79.

InPlay Oil (OTCMKTS:IPOOF) last issued its quarterly earnings data on Friday, March 14th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. InPlay Oil had a return on equity of 6.39% and a net margin of 11.66%. The business had revenue of $27.82 million for the quarter, compared to the consensus estimate of $38.59 million. Research analysts forecast that InPlay Oil Corp. will post 0.08 earnings per share for the current fiscal year.

InPlay Oil Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th were issued a dividend of $0.0105 per share. This represents a dividend yield of 14.05%. The ex-dividend date of this dividend was Tuesday, April 15th. This is a boost from InPlay Oil’s previous dividend of $0.01. InPlay Oil’s payout ratio is 150.00%.

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.