InPlay Oil (TSE:IPO) Trading Up 0.6% – Here’s Why

InPlay Oil Corp. (TSE:IPO)’s share price was up 0.6% during trading on Monday . The company traded as high as C$1.76 and last traded at C$1.72. Approximately 100,756 shares were traded during trading, an increase of 19% from the average daily volume of 84,345 shares. The stock had previously closed at C$1.71.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group reduced their target price on shares of InPlay Oil from C$3.25 to C$3.00 in a report on Friday, November 15th. Acumen Capital cut their price target on InPlay Oil from C$3.75 to C$3.50 in a research report on Friday, August 16th. Finally, Noble Financial raised InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th.

InPlay Oil Price Performance

The stock has a fifty day moving average of C$1.88 and a two-hundred day moving average of C$2.07. The company has a quick ratio of 0.51, a current ratio of 1.00 and a debt-to-equity ratio of 19.86. The stock has a market cap of C$152.30 million, a price-to-earnings ratio of 5.76 and a beta of 2.37.

InPlay Oil Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were given a dividend of $0.015 per share. The ex-dividend date was Friday, November 15th. This represents a $0.18 dividend on an annualized basis and a yield of ∞. InPlay Oil’s payout ratio is 62.07%.

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.