InPlay Oil Corp. to Post Q2 2024 Earnings of $0.03 Per Share, Noble Financial Forecasts (OTCMKTS:IPOOF)

InPlay Oil Corp. (OTCMKTS:IPOOFFree Report) – Noble Financial increased their Q2 2024 earnings estimates for shares of InPlay Oil in a research report issued on Monday, July 8th. Noble Financial analyst M. Heim now expects that the company will earn $0.03 per share for the quarter, up from their prior forecast of $0.02. The consensus estimate for InPlay Oil’s current full-year earnings is $0.12 per share. Noble Financial also issued estimates for InPlay Oil’s Q3 2024 earnings at $0.04 EPS, FY2024 earnings at $0.13 EPS and FY2025 earnings at $0.19 EPS.

InPlay Oil Trading Up 1.3 %

Shares of IPOOF stock opened at $1.63 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $148.65 million, a P/E ratio of 8.16 and a beta of 1.64. InPlay Oil has a twelve month low of $1.49 and a twelve month high of $2.20. The stock’s fifty day simple moving average is $1.65 and its 200 day simple moving average is $1.69.

InPlay Oil (OTCMKTS:IPOOFGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). InPlay Oil had a return on equity of 8.67% and a net margin of 14.56%. The company had revenue of $28.19 million for the quarter, compared to analyst estimates of $33.37 million.

InPlay Oil Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be paid a $0.011 dividend. This represents a dividend yield of 8.01%. The ex-dividend date of this dividend is Monday, July 15th. InPlay Oil’s dividend payout ratio is currently 65.00%.

About InPlay Oil

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for InPlay Oil (OTCMKTS:IPOOF)

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