InPlay Oil (OTCMKTS:IPOOF) Shares Down 2.6%

InPlay Oil Corp. (OTCMKTS:IPOOF) dropped 2.6% during mid-day trading on Monday . The stock traded as low as $1.50 and last traded at $1.51. Approximately 114,233 shares were traded during mid-day trading, an increase of 149% from the average daily volume of 45,912 shares. The stock had previously closed at $1.55.

InPlay Oil Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 0.68 and a quick ratio of 0.53. The business has a 50 day moving average of $1.60 and a 200 day moving average of $1.67. The firm has a market capitalization of $130.29 million, a price-to-earnings ratio of 7.23 and a beta of 1.61.

InPlay Oil (OTCMKTS:IPOOF) last posted its earnings results on Wednesday, August 14th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. InPlay Oil had a return on equity of 8.94% and a net margin of 15.05%. The company had revenue of $30.30 million during the quarter, compared to analyst estimates of $30.58 million. On average, equities analysts anticipate that InPlay Oil Corp. will post 0.13 EPS for the current year.

InPlay Oil Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.0108 dividend. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 8.29%. InPlay Oil’s payout ratio is presently 65.00%.

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.