Noble Financial Research Analysts Raise Earnings Estimates for InPlay Oil Corp. (TSE:IPO)

InPlay Oil Corp. (TSE:IPO) – Noble Financial upped their Q4 2024 earnings per share (EPS) estimates for InPlay Oil in a note issued to investors on Friday, August 16th. Noble Financial analyst M. Heim now expects that the company will post earnings of $0.08 per share for the quarter, up from their prior forecast of $0.07. The consensus estimate for InPlay Oil’s current full-year earnings is $0.23 per share. Noble Financial also issued estimates for InPlay Oil’s Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at $0.27 EPS.

Separately, Acumen Capital dropped their target price on InPlay Oil from C$3.75 to C$3.50 in a research report on Friday.

InPlay Oil Price Performance

IPO stock opened at C$2.19 on Monday. The business’s fifty day moving average price is C$2.22 and its 200 day moving average price is C$2.29. InPlay Oil has a 12-month low of C$2.03 and a 12-month high of C$2.86. The company has a current ratio of 0.68, a quick ratio of 0.51 and a debt-to-equity ratio of 18.92. The company has a market capitalization of C$197.36 million, a PE ratio of 7.82 and a beta of 2.41.

InPlay Oil Dividend Announcement

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