InPlay Oil (TSE:IPO) Trading 0.6% Higher - Here's What Happened

InPlay Oil Corp. (TSE:IPO - Get Free Report)'s share price traded up 0.6% during mid-day trading on Monday . The company traded as high as C$1.76 and last traded at C$1.72. 100,756 shares changed hands during mid-day trading, an increase of 19% from the average session volume of 84,345 shares. The stock had previously closed at C$1.71.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Acumen Capital reduced their price target on shares of InPlay Oil from C$3.75 to C$3.50 in a research note on Friday, August 16th. Noble Financial raised shares of InPlay Oil to a "strong-buy" rating in a research note on Monday, October 7th. Finally, Canaccord Genuity Group cut their target price on shares of InPlay Oil from C$3.25 to C$3.00 in a research note on Friday, November 15th.

InPlay Oil Stock Down 2.9 %

The company has a current ratio of 1.00, a quick ratio of 0.51 and a debt-to-equity ratio of 19.86. The company has a market cap of C$150.50 million, a price-to-earnings ratio of 5.93 and a beta of 2.37. The firm's fifty day simple moving average is C$1.89 and its 200 day simple moving average is C$2.08.

InPlay Oil Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were issued a dividend of $0.015 per share. This represents a $0.18 annualized dividend and a yield of 10.78%. The ex-dividend date of this dividend was Friday, November 15th. InPlay Oil's dividend payout ratio (DPR) is presently 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.