InPlay Oil Corp. (TSE:IPO) Announces Monthly Dividend of $0.09

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be given a dividend of 0.09 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

InPlay Oil Price Performance

Shares of IPO stock traded up C$0.17 during mid-day trading on Friday, reaching C$18.17. The stock had a trading volume of 77,409 shares, compared to its average volume of 113,399. InPlay Oil has a 12-month low of C$11.00 and a 12-month high of C$18.96. The company has a market cap of C$502.40 million, a P/E ratio of -40.38 and a beta of 0.41. The business has a 50-day simple moving average of C$16.06 and a 200 day simple moving average of C$16.39. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 76.05.

InPlay Oil (TSE:IPO) last released its quarterly earnings results on Thursday, August 13th. The company reported C$0.78 earnings per share (EPS) for the quarter. The business had revenue of C$248.23 million during the quarter. InPlay Oil had a negative return on equity of 3.81% and a negative net margin of 4.07%. On average, sell-side analysts anticipate that InPlay Oil will post 0.3500838 earnings per share for the current year.

Insider Transactions at InPlay Oil

In other InPlay Oil news, insider Kevin Yakiwchuk sold 22,634 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of C$18.06, for a total transaction of C$408,770.04. Following the sale, the insider owned 140,832 shares in the company, valued at approximately C$2,543,425.92. This represents a 13.85% decrease in their position. Insiders own 25.31% of the company’s stock.

InPlay Oil Company Profile

InPlay is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities.