InPlay Oil (TSE:IPO) Upgraded at Roth Capital

Roth Capital upgraded shares of InPlay Oil (TSE:IPO) to a strong-buy rating in a research note published on Sunday,Zacks.com reports.

Separately, ATB Capital set a C$13.00 target price on InPlay Oil and gave the stock an “outperform” rating in a research note on Thursday, June 5th.

InPlay Oil Trading Down 2.5%

Shares of TSE:IPO opened at C$9.59 on Friday. InPlay Oil has a 52-week low of C$6.54 and a 52-week high of C$13.80. The company has a debt-to-equity ratio of 20.44, a quick ratio of 0.51 and a current ratio of 0.61. The company has a market capitalization of C$861.73 million, a P/E ratio of 45.78 and a beta of 2.37. The company has a 50-day simple moving average of C$9.02 and a 200 day simple moving average of C$4.74.

InPlay Oil Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 31st will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 11.26%. The ex-dividend date is Tuesday, July 15th. InPlay Oil’s payout ratio is 85.93%.

About InPlay Oil

InPlay Oil Corp is oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company’s operations are focused on a concentrated light oil asset base located in West Central Alberta.