InPlay Oil Corp. (TSE:IPO) Plans $0.02 Monthly Dividend

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Monday, December 16th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.015 per share on Tuesday, December 31st. This represents a $0.18 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date is Monday, December 16th.

InPlay Oil Stock Performance

Shares of IPO stock remained flat at C$1.67 during trading hours on Friday. 68,706 shares of the stock traded hands, compared to its average volume of 84,168. The company has a debt-to-equity ratio of 19.86, a current ratio of 1.00 and a quick ratio of 0.51. The firm has a market cap of C$150.50 million, a PE ratio of 5.76 and a beta of 2.37. The company’s 50-day moving average price is C$1.87 and its two-hundred day moving average price is C$2.07. InPlay Oil has a 12 month low of C$1.63 and a 12 month high of C$2.57.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IPO. Noble Financial raised InPlay Oil to a “strong-buy” rating in a research report on Monday, October 7th. Acumen Capital dropped their price objective on shares of InPlay Oil from C$3.75 to C$3.50 in a report on Friday, August 16th. Finally, Canaccord Genuity Group reduced their target price on shares of InPlay Oil from C$3.25 to C$3.00 in a research note on Friday, November 15th.

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.