InPlay Oil (TSE:IPO) PT Lowered to C$3.50 at Acumen Capital

InPlay Oil (TSE:IPO) had its price target decreased by Acumen Capital from C$3.75 to C$3.50 in a research note released on Friday morning, BayStreet.CA reports.

InPlay Oil Trading Down 2.2 %

InPlay Oil stock opened at C$2.19 on Friday. The business has a 50 day moving average price of C$2.22 and a two-hundred day moving average price of C$2.29. The company has a quick ratio of 0.51, a current ratio of 0.68 and a debt-to-equity ratio of 18.92. InPlay Oil has a 12 month low of C$2.03 and a 12 month high of C$2.86. The stock has a market cap of C$197.36 million, a price-to-earnings ratio of 7.82 and a beta of 2.41.

InPlay Oil Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be given a $0.015 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.18 annualized dividend and a yield of 8.22%. InPlay Oil’s dividend payout ratio (DPR) is currently 64.29%.

About InPlay Oil

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.