InPlay Oil (TSE:IPO) Stock Price Down 4.7% – Should You Sell?

InPlay Oil Corp. (TSE:IPO) dropped 4.7% during trading on Monday . The company traded as low as C$1.58 and last traded at C$1.61. Approximately 192,320 shares changed hands during trading, an increase of 129% from the average daily volume of 84,154 shares. The stock had previously closed at C$1.69.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their target price on InPlay Oil from C$3.25 to C$3.00 in a report on Friday, November 15th.

InPlay Oil Price Performance

The company has a quick ratio of 0.51, a current ratio of 1.00 and a debt-to-equity ratio of 19.86. The stock’s 50 day moving average price is C$1.70 and its two-hundred day moving average price is C$1.92. The firm has a market capitalization of C$150.50 million, a price-to-earnings ratio of 5.76 and a beta of 2.37.

InPlay Oil Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.015 per share. The ex-dividend date is Friday, February 14th. This represents a $0.18 annualized dividend and a dividend yield of 10.78%. InPlay Oil’s dividend payout ratio (DPR) 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.