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

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

InPlay Oil Price Performance

Shares of IPO 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. InPlay Oil has a 52 week low of C$1.63 and a 52 week high of C$2.57. The business’s fifty day simple moving average is C$1.87 and its 200-day simple moving average is C$2.07. The company has a market capitalization of C$150.50 million, a price-to-earnings ratio of 5.76 and a beta of 2.37. The company has a quick ratio of 0.51, a current ratio of 1.00 and a debt-to-equity ratio of 19.86.

Analysts Set New Price Targets

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

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.