Atb Cap Markets Decreases Earnings Estimates for InPlay Oil

InPlay Oil Corp. (TSE:IPO) – Atb Cap Markets lowered their Q4 2024 EPS estimates for InPlay Oil in a report issued on Thursday, November 14th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.04 for the quarter, down from their prior estimate of $0.09. The consensus estimate for InPlay Oil’s current full-year earnings is $0.35 per share. Atb Cap Markets also issued estimates for InPlay Oil’s Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.25 EPS, FY2026 earnings at $0.15 EPS and FY2027 earnings at $0.06 EPS.

Several other brokerages have also recently issued reports on IPO. Canaccord Genuity Group cut their price target on InPlay Oil from C$3.25 to C$3.00 in a research note on Friday. Acumen Capital cut their target price on InPlay Oil from C$3.75 to C$3.50 in a research report on Friday, August 16th. Finally, Noble Financial raised InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th.

InPlay Oil Stock Performance

TSE IPO opened at C$1.73 on Monday. InPlay Oil has a 12-month low of C$1.67 and a 12-month high of C$2.57. The firm has a 50-day moving average price of C$1.96 and a two-hundred day moving average price of C$2.14. The company has a market capitalization of C$155.91 million, a P/E ratio of 5.97 and a beta of 2.37. The company has a quick ratio of 0.51, a current ratio of 1.00 and a debt-to-equity ratio of 19.86.

InPlay Oil Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.18 annualized dividend and a dividend yield of 10.40%. InPlay Oil’s dividend payout ratio is 62.07%.

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.