InPlay Oil (TSE:IPO) Stock Price Up 0.6% – Time to Buy?

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on IPO shares. Noble Financial upgraded InPlay Oil to a “strong-buy” rating in a research report on Monday, October 7th. Canaccord Genuity Group dropped their price objective on shares of InPlay Oil from C$3.25 to C$3.00 in a report on Friday, November 15th.

InPlay Oil Stock Up 0.6 %

The business has a 50 day moving average price of C$1.74 and a 200 day moving average price of C$1.99. The company has a quick ratio of 0.51, a current ratio of 1.00 and a debt-to-equity ratio of 19.86. The stock has a market cap of C$160.41 million, a PE ratio of 6.14 and a beta of 2.37.

InPlay Oil Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be paid a dividend of $0.015 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 10.11%. InPlay Oil’s payout ratio is 62.07%.

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.