InPlay Oil Corp. to Post FY2023 Earnings of $0.51 Per Share, Atb Cap Markets Forecasts (TSE:IPO)

InPlay Oil Corp. (TSE:IPOGet Rating) – Analysts at Atb Cap Markets issued their FY2023 EPS estimates for InPlay Oil in a research report issued to clients and investors on Tuesday, January 17th. Atb Cap Markets analyst A. Arif anticipates that the company will post earnings of $0.51 per share for the year. Atb Cap Markets currently has a “Outperform” rating on the stock. The consensus estimate for InPlay Oil’s current full-year earnings is $1.13 per share. Atb Cap Markets also issued estimates for InPlay Oil’s FY2024 earnings at $0.44 EPS.

InPlay Oil (TSE:IPOGet Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported C$0.17 EPS for the quarter. The company had revenue of C$56.99 million during the quarter.

Separately, Noble Financial reissued a “buy” rating and issued a C$6.00 target price on shares of InPlay Oil in a report on Thursday.

InPlay Oil Trading Down 0.3 %

IPO opened at C$3.12 on Thursday. InPlay Oil has a twelve month low of C$2.25 and a twelve month high of C$5.11. The company has a 50-day simple moving average of C$3.04 and a 200 day simple moving average of C$3.13. The company has a quick ratio of 0.51, a current ratio of 0.75 and a debt-to-equity ratio of 15.34. The stock has a market capitalization of C$271.91 million and a price-to-earnings ratio of 2.17.

InPlay Oil Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, January 30th. Investors of record on Monday, January 16th will be given a $0.015 dividend. The ex-dividend date is Friday, January 13th. This represents a $0.18 dividend on an annualized basis and a yield of 5.77%. InPlay Oil’s payout ratio is 12.50%.

InPlay Oil Company Profile

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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 primarily holds interests in the Cardium assets located in West Central Alberta that focus on the Pembina and Willesden Green pools.

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