InPlay Oil Corp. (OTCMKTS:IPOOF) Sees Large Decrease in Short Interest

InPlay Oil Corp. (OTCMKTS:IPOOF) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 96,100 shares, a decline of 14.6% from the March 15th total of 112,500 shares. Based on an average daily volume of 153,900 shares, the days-to-cover ratio is currently 0.6 days.

InPlay Oil Trading Up 0.6 %

OTCMKTS:IPOOF opened at $1.81 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $164.91 million, a PE ratio of 5.49 and a beta of 1.61. The firm’s 50 day moving average is $1.73 and its 200 day moving average is $1.76. InPlay Oil has a 12 month low of $1.49 and a 12 month high of $2.20.

InPlay Oil (OTCMKTS:IPOOF) last issued its earnings results on Wednesday, March 13th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. InPlay Oil had a net margin of 18.60% and a return on equity of 14.11%. The business had revenue of $34.99 million for the quarter, compared to analysts’ expectations of $35.93 million. Sell-side analysts expect that InPlay Oil will post 0.21 earnings per share for the current year.

InPlay Oil Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.0111 per share. This is a boost from InPlay Oil’s previous dividend of $0.01. The ex-dividend date of this dividend is Friday, April 12th. This represents a yield of 7.21%. InPlay Oil’s payout ratio is presently 39.40%.

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.