InPlay Oil (TSE:IPO) Stock Price Down 4.7% – What’s Next?

InPlay Oil Corp. (TSE:IPO)’s stock price dropped 4.7% during trading on Monday . The company traded as low as C$1.58 and last traded at C$1.61. Approximately 192,320 shares traded hands during trading, an increase of 129% from the average daily volume of 84,154 shares. The stock had previously closed at C$1.69.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Noble Financial upgraded InPlay Oil to a “strong-buy” rating in a research report on Monday, October 7th. Canaccord Genuity Group dropped their price target on InPlay Oil from C$3.25 to C$3.00 in a research report on Friday, November 15th.

InPlay Oil Stock Performance

The company has a debt-to-equity ratio of 19.86, a current ratio of 1.00 and a quick ratio of 0.51. The company has a market capitalization of C$145.09 million, a PE ratio of 5.55 and a beta of 2.37. The firm’s fifty day simple moving average is C$1.71 and its 200 day simple moving average is C$1.93.

InPlay Oil Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were paid a $0.015 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $0.18 annualized dividend and a dividend yield of 11.18%. InPlay Oil’s dividend payout ratio (DPR) 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.