InPlay Oil Corp. (TSE:IPO – Get Free Report)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$15.34 and traded as low as C$14.60. InPlay Oil shares last traded at C$14.61, with a volume of 125,927 shares trading hands.
Analyst Ratings Changes
Separately, National Bank Financial cut their target price 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$18.33.
View Our Latest Research Report on IPO
InPlay Oil Price Performance
InPlay Oil (TSE:IPO – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported C($1.24) earnings per share (EPS) for the quarter. InPlay Oil had a negative net margin of 12.40% and a negative return on equity of 10.86%. The firm had revenue of C$31.77 million for the quarter. Equities analysts forecast that InPlay Oil Corp. will post 0.3500838 earnings per share for the current year.
InPlay Oil Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be given a $0.09 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Friday, August 14th. InPlay Oil’s payout ratio is currently -78.83%.
About InPlay Oil
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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