InPlay Oil (TSE:IPO) Price Target Raised to C$17.50

InPlay Oil (TSE:IPO) had its target price increased by Acumen Capital from C$17.00 to C$17.50 in a report released on Friday morning,BayStreet.CA reports. Acumen Capital currently has a buy rating on the stock.

Separately, Canaccord Genuity Group increased their target price on shares of InPlay Oil from C$14.00 to C$15.00 in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, InPlay Oil has an average rating of “Buy” and an average price target of C$15.70.

InPlay Oil Price Performance

Shares of IPO opened at C$16.71 on Friday. The business’s fifty day moving average is C$14.44 and its 200 day moving average is C$13.08. The stock has a market cap of C$465.17 million, a P/E ratio of 334.20 and a beta of 0.92. InPlay Oil has a 12-month low of C$6.54 and a 12-month high of C$17.47. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 61.06.

InPlay Oil (TSE:IPO) last issued its earnings results on Thursday, March 5th. The company reported C$1.10 earnings per share (EPS) for the quarter. The business had revenue of C$82.94 million during the quarter. InPlay Oil had a negative return on equity of 2.22% and a negative net margin of 2.79%. Sell-side analysts anticipate that InPlay Oil will post 0.3500838 earnings per share for the current fiscal year.

InPlay Oil Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 27th were paid a $0.09 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Friday, February 13th. InPlay Oil’s payout ratio is 2,160.00%.

About InPlay Oil

InPlay Oil Corp is oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company’s operations are focused on a concentrated light oil asset base located in West Central Alberta. It derives revenue from selling its production of crude oil, natural gas and NGLs under variable price contracts.