InPlay Oil (TSE:IPO) Trading Up 0.6% – Still a Buy?

InPlay Oil Corp. (TSE:IPO)’s share price was up 0.6% during mid-day trading on Tuesday . The company traded as high as C$1.84 and last traded at C$1.82. Approximately 52,386 shares changed hands during trading, a decline of 47% from the average daily volume of 98,564 shares. The stock had previously closed at C$1.81.

Analyst Ratings Changes

IPO has been the topic of several recent analyst reports. Canaccord Genuity Group decreased their target price on shares of InPlay Oil from C$3.25 to C$3.00 in a report on Friday, November 15th. Noble Financial raised shares of InPlay Oil to a “strong-buy” rating in a research note on Monday, October 7th.

InPlay Oil Trading Up 0.6 %

The firm has a 50-day moving average of C$1.75 and a two-hundred day moving average of C$2.00. The firm has a market capitalization of C$164.02 million, a P/E ratio of 6.28 and a beta of 2.37. The company has a current ratio of 1.00, a quick ratio of 0.51 and a debt-to-equity ratio of 19.86.

InPlay Oil Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be paid a $0.015 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 9.89%. InPlay Oil’s payout ratio is currently 62.07%.

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.