Atb Cap Markets Brokers Cut Earnings Estimates for InPlay Oil Corp. (TSE:IPO)

InPlay Oil Corp. (TSE:IPO) – Investment analysts at Atb Cap Markets reduced their Q3 2024 earnings per share estimates for shares of InPlay Oil in a report released on Thursday, August 15th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.09. The consensus estimate for InPlay Oil’s current full-year earnings is $0.23 per share. Atb Cap Markets also issued estimates for InPlay Oil’s Q4 2025 earnings at $0.08 EPS, FY2025 earnings at $0.32 EPS, FY2026 earnings at $0.20 EPS and FY2027 earnings at $0.10 EPS.

Separately, Acumen Capital lowered their price objective on shares of InPlay Oil from C$3.75 to C$3.50 in a research report on Friday.

InPlay Oil Price Performance

IPO opened at C$2.19 on Monday. The company’s 50-day simple moving average is C$2.22 and its two-hundred day simple moving average is C$2.29. The company has a debt-to-equity ratio of 18.92, a quick ratio of 0.51 and a current ratio of 0.68. The stock has a market capitalization of C$197.36 million, a P/E ratio of 7.82 and a beta of 2.41. InPlay Oil has a 52-week low of C$2.03 and a 52-week high of C$2.86.

InPlay Oil Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a $0.015 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.18 annualized dividend and a yield of 8.22%. InPlay Oil’s payout ratio is 64.29%.

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.