FY2024 EPS Estimates for InPlay Oil Decreased by Analyst

InPlay Oil Corp. (OTCMKTS:IPOOF) – Analysts at Atb Cap Markets lowered their FY2024 earnings per share estimates for InPlay Oil in a note issued to investors on Thursday, November 14th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.09 for the year, down from their previous forecast of $0.18. The consensus estimate for InPlay Oil’s current full-year earnings is $0.09 per share. Atb Cap Markets also issued estimates for InPlay Oil’s Q4 2024 earnings at $0.03 EPS, Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.04 EPS, FY2026 earnings at $0.11 EPS and FY2027 earnings at $0.04 EPS.

Separately, Noble Financial raised InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th.

InPlay Oil Stock Down 4.2 %

InPlay Oil stock opened at $1.25 on Monday. The stock’s 50 day moving average price is $1.43 and its 200 day moving average price is $1.56. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 0.75. The company has a market cap of $112.20 million, a PE ratio of 8.89 and a beta of 1.62. InPlay Oil has a 1-year low of $1.22 and a 1-year high of $1.99.

InPlay Oil Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a $0.0108 dividend. The ex-dividend date is Friday, November 15th. This represents a yield of 10.5%. InPlay Oil’s payout ratio is 92.86%.

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.