Atb Cap Markets Comments on InPlay Oil Corp.’s Q1 2024 Earnings (TSE:IPO)

InPlay Oil Corp. (TSE:IPO) – Equities research analysts at Atb Cap Markets cut their Q1 2024 EPS estimates for shares of InPlay Oil in a report released on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings of $0.04 per share for the quarter, down from their previous estimate of $0.06. The consensus estimate for InPlay Oil’s current full-year earnings is $0.29 per share. Atb Cap Markets also issued estimates for InPlay Oil’s FY2024 earnings at $0.29 EPS, FY2025 earnings at $0.23 EPS, FY2027 earnings at $0.05 EPS and FY2028 earnings at $0.02 EPS.

InPlay Oil (TSE:IPO) last released its quarterly earnings results on Wednesday, March 13th. The company reported C$0.13 EPS for the quarter, beating the consensus estimate of C$0.10 by C$0.03. The firm had revenue of C$47.63 million for the quarter, compared to analyst estimates of C$47.90 million. InPlay Oil had a net margin of 20.85% and a return on equity of 11.53%.

Separately, ATB Capital reduced their price target on shares of InPlay Oil from C$4.25 to C$3.75 and set an “outperform” rating on the stock in a research report on Thursday, January 18th.

InPlay Oil Stock Up 2.1 %

IPO stock opened at C$2.47 on Tuesday. The firm has a market cap of C$222.70 million, a PE ratio of 6.86 and a beta of 2.51. The company has a debt-to-equity ratio of 17.42, a quick ratio of 0.51 and a current ratio of 0.93. The firm’s 50 day moving average price is C$2.38 and its 200-day moving average price is C$2.37. InPlay Oil has a one year low of C$2.03 and a one year high of C$2.86.

InPlay Oil Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.015 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date of this dividend is Friday, April 12th. InPlay Oil’s payout ratio is 50.00%.

InPlay Oil Company Profile

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.