InPlay Oil (TSE:IPO) Price Target Cut to C$3.00 by Analysts at Canaccord Genuity Group

InPlay Oil (TSE:IPO) had its target price reduced by Canaccord Genuity Group from C$3.25 to C$3.00 in a research note released on Friday,BayStreet.CA reports.

IPO has been the subject of several other research reports. Noble Financial raised shares of InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th. Acumen Capital cut their target price on shares of InPlay Oil from C$3.75 to C$3.50 in a research note on Friday, August 16th.

InPlay Oil Stock Up 3.5 %

Shares of IPO opened at C$1.79 on Friday. The firm has a market cap of C$161.31 million, a P/E ratio of 5.97 and a beta of 2.37. InPlay Oil has a 12 month low of C$1.67 and a 12 month high of C$2.57. The stock’s 50 day moving average is C$1.96 and its two-hundred day moving average is C$2.14. The company has a current ratio of 1.00, a quick ratio of 0.51 and a debt-to-equity ratio of 19.86.

InPlay Oil Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be given a dividend of $0.015 per share. This represents a $0.18 annualized dividend and a dividend yield of 10.06%. The ex-dividend date of this dividend is Friday, November 15th. InPlay Oil’s payout ratio is 62.07%.

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.