InPlay Oil (TSE:IPO) Given New C$3.00 Price Target at Canaccord Genuity Group

InPlay Oil (TSE:IPO) had its target price lowered by Canaccord Genuity Group from C$3.25 to C$3.00 in a report issued on Friday morning,BayStreet.CA reports.

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

InPlay Oil Stock Down 3.4 %

Shares of IPO opened at C$1.73 on Friday. InPlay Oil has a 52-week low of C$1.67 and a 52-week high of C$2.57. The company has a quick ratio of 0.51, a current ratio of 1.00 and a debt-to-equity ratio of 19.86. The stock has a fifty day simple moving average of C$1.96 and a two-hundred day simple moving average of C$2.14. The company has a market capitalization of C$155.91 million, a PE ratio of 5.97 and a beta of 2.37.

InPlay Oil Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be given a dividend of $0.015 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 10.40%. The ex-dividend date is Friday, November 15th. InPlay Oil’s dividend payout ratio is currently 62.07%.

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.