InPlay Oil (TSE:IPO) Stock Price Down 4.7% – What’s Next?

InPlay Oil Corp. (TSE:IPO)’s share price dropped 4.7% during mid-day trading on Monday . The company traded as low as C$1.58 and last traded at C$1.61. Approximately 192,320 shares changed hands during mid-day trading, an increase of 129% from the average daily volume of 84,154 shares. The stock had previously closed at C$1.69.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IPO. Canaccord Genuity Group decreased their price target on InPlay Oil from C$3.25 to C$3.00 in a research report on Friday, November 15th. Noble Financial raised InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th.

InPlay Oil Price Performance

The firm has a market capitalization of C$145.09 million, a PE ratio of 5.55 and a beta of 2.37. 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 50-day simple moving average of C$1.71 and a 200-day simple moving average of C$1.93.

InPlay Oil Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were given a $0.015 dividend. This represents a $0.18 annualized dividend and a dividend yield of 11.18%. The ex-dividend date was Wednesday, January 15th. InPlay Oil’s payout ratio is 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.