FY2024 EPS Estimates for InPlay Oil Decreased by Analyst

InPlay Oil Corp. (OTCMKTS:IPOOF) – Research analysts at Atb Cap Markets cut their FY2024 EPS 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 shares of InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th.

InPlay Oil Stock Down 4.2 %

Shares of IPOOF 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 quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $112.20 million, a price-to-earnings ratio of 8.89 and a beta of 1.62. InPlay Oil has a 52 week low of $1.22 and a 52 week high of $1.99.

InPlay Oil Cuts Dividend

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