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

InPlay Oil Corp. (TSE:IPO) – Investment analysts at Atb Cap Markets reduced their Q1 2024 earnings per share estimates for shares of InPlay Oil in a report released on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.04 for the quarter, down from their prior 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 price target on InPlay Oil from C$4.25 to C$3.75 and set an “outperform” rating on the stock in a research note on Thursday, January 18th.

InPlay Oil Stock Performance

IPO stock opened at C$2.47 on Tuesday. The company has a market cap of C$222.70 million, a P/E ratio of 6.86 and a beta of 2.51. InPlay Oil has a 1 year low of C$2.03 and a 1 year high of C$2.86. The company has a debt-to-equity ratio of 17.42, a current ratio of 0.93 and a quick ratio of 0.51. The stock’s fifty day moving average price is C$2.38 and its 200-day moving average price is C$2.37.

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

InPlay Oil Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.015 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 7.29%. InPlay Oil’s dividend payout ratio (DPR) 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.