InPlay Oil (TSE:IPO) Price Target Lowered to C$5.00 at ATB Capital

InPlay Oil (TSE:IPO – Get Rating) had its target price reduced by ATB Capital from C$5.25 to C$5.00 in a research report released on Thursday, BayStreet.CA reports.

A number of other research firms also recently commented on IPO. Atb Cap Markets reaffirmed an outperform rating on shares of InPlay Oil in a report on Tuesday, January 17th. Noble Financial reaffirmed a buy rating and issued a C$6.00 price objective on shares of InPlay Oil in a report on Thursday, January 19th.

InPlay Oil Stock Performance

InPlay Oil stock opened at C$2.49 on Thursday. The company has a market cap of C$217.00 million, a PE ratio of 1.83 and a beta of 2.69. The company has a fifty day moving average price of C$2.82 and a two-hundred day moving average price of C$3.02. The company has a debt-to-equity ratio of 15.34, a current ratio of 0.75 and a quick ratio of 0.51. InPlay Oil has a 12 month low of C$2.25 and a 12 month high of C$5.11.

InPlay Oil Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be issued a dividend of $0.015 per share. This represents a $0.18 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend is Tuesday, March 14th. InPlay Oil’s dividend payout ratio (DPR) is 13.24%.

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.