InPlay Oil Corp. Forecasted to Post Q2 2024 Earnings of $0.03 Per Share (OTCMKTS:IPOOF)

InPlay Oil Corp. (OTCMKTS:IPOOF) – Noble Financial increased their Q2 2024 earnings per share estimates for InPlay Oil in a research report issued to clients and investors on Monday, July 8th. Noble Financial analyst M. Heim now anticipates that the company will post earnings of $0.03 per share for the quarter, up from their previous estimate of $0.02. The consensus estimate for InPlay Oil’s current full-year earnings is $0.13 per share. Noble Financial also issued estimates for InPlay Oil’s Q3 2024 earnings at $0.04 EPS, FY2024 earnings at $0.13 EPS and FY2025 earnings at $0.19 EPS.

InPlay Oil Stock Up 1.2 %

IPOOF opened at $1.66 on Thursday. InPlay Oil has a 12 month low of $1.49 and a 12 month high of $2.20. The company has a market cap of $151.24 million, a PE ratio of 8.30 and a beta of 1.64. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $1.65 and a 200 day moving average of $1.69.

InPlay Oil (OTCMKTS:IPOOF) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). InPlay Oil had a net margin of 14.56% and a return on equity of 8.67%. The firm had revenue of $28.19 million for the quarter, compared to analysts’ expectations of $33.37 million.

InPlay Oil Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be given a dividend of $0.011 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a dividend yield of 8.01%. InPlay Oil’s dividend payout ratio (DPR) is currently 65.00%.

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.