Q2 2024 EPS Estimates for InPlay Oil Corp. Raised by Noble Financial (TSE:IPO)

InPlay Oil Corp. (TSE:IPO) – Stock analysts at Noble Financial raised their Q2 2024 earnings per share estimates for shares of InPlay Oil in a research report issued on Monday, July 8th. Noble Financial analyst M. Heim now forecasts that the company will earn $0.04 per share for the quarter, up from their prior estimate of $0.03. The consensus estimate for InPlay Oil’s current full-year earnings is $0.53 per share. Noble Financial also issued estimates for InPlay Oil’s Q3 2024 earnings at $0.05 EPS, FY2024 earnings at $0.18 EPS and FY2025 earnings at $0.26 EPS.

Separately, Acumen Capital reduced their target price on InPlay Oil from C$4.00 to C$3.75 in a report on Monday, May 13th.

InPlay Oil Price Performance

IPO opened at C$2.25 on Thursday. The stock has a fifty day moving average of C$2.25 and a 200-day moving average of C$2.30. The firm has a market capitalization of C$202.77 million, a P/E ratio of 8.04 and a beta of 2.47. InPlay Oil has a 12-month low of C$2.03 and a 12-month high of C$2.86. The company has a quick ratio of 0.51, a current ratio of 0.68 and a debt-to-equity ratio of 18.92.

InPlay Oil (TSE:IPO) last released its earnings results on Thursday, May 9th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.04). The business had revenue of C$38.00 million during the quarter, compared to analysts’ expectations of C$43.25 million. InPlay Oil had a net margin of 16.44% and a return on equity of 8.76%.

InPlay Oil Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 31st will be issued a dividend of $0.015 per share. The ex-dividend date is Monday, July 15th. This represents a $0.18 annualized dividend and a dividend yield of 8.00%. InPlay Oil’s dividend payout ratio is 64.29%.

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.