Atb Cap Markets Comments on InPlay Oil Corp.’s Q1 2024 Earnings (TSE:IPO)

InPlay Oil Corp. (TSE:IPO) – Research analysts at Atb Cap Markets decreased their Q1 2024 earnings per share estimates for shares of InPlay Oil in a research note issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will earn $0.04 per share for the quarter, down from their previous estimate of $0.06. The consensus estimate for InPlay Oil’s current full-year earnings is $0.29 per share. Atb Cap Markets also issued estimates for InPlay Oil’s FY2024 earnings at $0.29 EPS, FY2025 earnings at $0.23 EPS, FY2027 earnings at $0.05 EPS and FY2028 earnings at $0.02 EPS.

Separately, ATB Capital dropped their target price on InPlay Oil from C$4.25 to C$3.75 and set an “outperform” rating for the company in a report on Thursday, January 18th.

InPlay Oil Trading Up 0.4 %

Shares of InPlay Oil stock opened at C$2.48 on Tuesday. The business has a fifty day simple moving average of C$2.39 and a two-hundred day simple moving average of C$2.37. InPlay Oil has a 1 year low of C$2.03 and a 1 year high of C$2.86. The company has a market capitalization of C$223.60 million, a price-to-earnings ratio of 6.89 and a beta of 2.51. The company has a debt-to-equity ratio of 17.42, a current ratio of 0.93 and a quick ratio of 0.51.

InPlay Oil (TSE:IPO) last announced its quarterly earnings results on Wednesday, March 13th. The company reported C$0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.10 by C$0.03. InPlay Oil had a return on equity of 11.53% and a net margin of 20.85%. The business had revenue of C$47.63 million during the quarter, compared to the consensus estimate of C$47.90 million.

InPlay Oil Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.015 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date of this dividend is Friday, April 12th. InPlay Oil’s dividend payout ratio is currently 50.00%.

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.