InPlay Oil Corp. (IPO) to Issue Monthly Dividend of $0.02 on December 31st

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 paid 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 of this dividend is Monday, December 16th.

InPlay Oil Price Performance

Shares of TSE:IPO remained flat at C$1.67 on Friday. The stock had a trading volume of 68,706 shares, compared to its average volume of 84,168. The stock has a market cap of C$150.50 million, a PE ratio of 5.76 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 fifty day simple moving average of C$1.87 and a 200 day simple moving average of C$2.07. InPlay Oil has a one year low of C$1.63 and a one year high of C$2.57.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Acumen Capital dropped their target price on shares of InPlay Oil from C$3.75 to C$3.50 in a research report on Friday, August 16th. Canaccord Genuity Group decreased their price objective on shares of InPlay Oil from C$3.25 to C$3.00 in a research note on Friday, November 15th. Finally, Noble Financial upgraded InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th.

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.