Atb Cap Markets Equities Analysts Decrease Earnings Estimates for InPlay Oil Corp. (TSE:IPO)

Posted by on Apr 26th, 2023

InPlay Oil Corp. (TSE:IPO – Get Rating) – Investment analysts at Atb Cap Markets cut their Q1 2023 earnings estimates for shares of InPlay Oil in a report issued on Sunday, April 23rd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.08 for the quarter, down from their prior forecast of $0.12. Atb Cap Markets has a “Outperform” rating on the stock. The consensus estimate for InPlay Oil’s current full-year earnings is $0.60 per share. Atb Cap Markets also issued estimates for InPlay Oil’s Q2 2023 earnings at $0.08 EPS, Q3 2023 earnings at $0.09 EPS, Q4 2023 earnings at $0.10 EPS, FY2023 earnings at $0.36 EPS, FY2024 earnings at $0.34 EPS and FY2025 earnings at $0.28 EPS.

Several other analysts have also commented on IPO. Canaccord Genuity Group reduced their price target on shares of InPlay Oil from C$5.75 to C$5.25 in a research report on Wednesday, March 29th. ATB Capital cut their target price on InPlay Oil from C$5.25 to C$5.00 in a research report on Thursday, March 16th. Finally, Noble Financial reissued a “buy” rating and issued a C$6.00 target price on shares of InPlay Oil in a research report on Thursday, January 19th.

InPlay Oil Stock Down 4.2 %

IPO stock opened at C$2.73 on Tuesday. The firm has a market cap of C$243.24 million, a PE ratio of 2.97 and a beta of 2.67. The company has a debt-to-equity ratio of 10.81, a quick ratio of 0.51 and a current ratio of 0.84. The firm’s 50 day moving average price is C$2.74 and its 200-day moving average price is C$2.95. InPlay Oil has a one year low of C$2.25 and a one year high of C$5.11.

InPlay Oil Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, April 28th. Shareholders of record on Monday, April 17th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Friday, April 14th. This represents a $0.18 annualized dividend and a dividend yield of 6.59%. InPlay Oil’s dividend payout ratio (DPR) is 19.57%.

InPlay Oil Company Profile

(Get Rating)

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 primarily holds interests in the Cardium assets located in West Central Alberta that focus on the Pembina and Willesden Green pools.

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