InPlay Oil Corp. (OTCMKTS:IPOOF) Short Interest Update

InPlay Oil Corp. (OTCMKTS:IPOOF) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 253,300 shares, an increase of 7.2% from the September 30th total of 236,300 shares. Based on an average daily trading volume, of 71,800 shares, the short-interest ratio is currently 3.5 days.

Wall Street Analysts Forecast Growth

Separately, Noble Financial raised InPlay Oil to a “strong-buy” rating in a research report on Monday, October 7th.

InPlay Oil Stock Performance

IPOOF opened at $1.40 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.75 and a current ratio of 1.00. InPlay Oil has a 52-week low of $1.36 and a 52-week high of $1.99. The firm has a market cap of $126.17 million, a P/E ratio of 7.00 and a beta of 1.60. The business’s fifty day moving average is $1.50 and its 200-day moving average is $1.60.

InPlay Oil (OTCMKTS:IPOOF) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $30.30 million for the quarter, compared to the consensus estimate of $30.58 million. InPlay Oil had a net margin of 15.05% and a return on equity of 8.94%. Sell-side analysts expect that InPlay Oil will post 0.14 EPS for the current fiscal year.

InPlay Oil Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be paid a $0.0111 dividend. This represents a yield of 8.62%. This is a boost from InPlay Oil’s previous dividend of $0.01. The ex-dividend date of this dividend is Tuesday, October 15th. InPlay Oil’s dividend payout ratio (DPR) is 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.