FY2024 EPS Estimates for InPlay Oil Decreased by Analyst

InPlay Oil Corp. (OTCMKTS:IPOOF) – Equities researchers at Noble Financial lowered their FY2024 earnings per share (EPS) estimates for shares of InPlay Oil in a research note issued on Friday, November 15th. Noble Financial analyst M. Reichman now anticipates that the company will post earnings per share of $0.09 for the year, down from their previous forecast of $0.10. Noble Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for InPlay Oil’s current full-year earnings is $0.09 per share. Noble Financial also issued estimates for InPlay Oil’s Q1 2025 earnings at $0.04 EPS and FY2025 earnings at $0.16 EPS.

InPlay Oil Price Performance

IPOOF stock opened at $1.27 on Monday. The firm has a 50 day moving average of $1.43 and a 200-day moving average of $1.56. The company has a market cap of $114.45 million, a price-to-earnings ratio of 8.89 and a beta of 1.62. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.19. InPlay Oil has a 12-month low of $1.22 and a 12-month high of $1.99.

InPlay Oil Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a dividend of $0.0108 per share. This represents a yield of 10.5%. The ex-dividend date of this dividend is Friday, November 15th. InPlay Oil’s payout ratio is currently 92.86%.

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.