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

InPlay Oil Corp. (OTCMKTS:IPOOF) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 319,600 shares, a growth of 26.2% from the October 15th total of 253,300 shares. Based on an average trading volume of 68,200 shares, the short-interest ratio is currently 4.7 days.

InPlay Oil Stock Down 3.4 %

Shares of OTCMKTS IPOOF opened at $1.25 on Friday. The stock has a market capitalization of $112.20 million, a price-to-earnings ratio of 8.89 and a beta of 1.62. InPlay Oil has a 52 week low of $1.22 and a 52 week high of $1.99. The firm has a 50-day moving average price of $1.43 and a 200 day moving average price of $1.56. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

InPlay Oil (OTCMKTS:IPOOF) last issued its earnings results on Wednesday, August 14th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $30.30 million during the quarter, compared to analysts’ expectations of $30.58 million. InPlay Oil had a net margin of 11.66% and a return on equity of 6.37%. Equities research analysts anticipate that InPlay Oil will post 0.09 EPS for the current fiscal year.

InPlay Oil Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a dividend of $0.0108 per share. The ex-dividend date is Friday, November 15th. This represents a yield of 10.5%. InPlay Oil’s dividend payout ratio is presently 92.86%.

Analyst Upgrades and Downgrades

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

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.