Noble Financial Weighs in on InPlay Oil Corp.’s Q3 2024 Earnings (TSE:IPO)

by · The Cerbat Gem

InPlay Oil Corp. (TSE:IPO – Free Report) – Noble Financial issued their Q3 2024 EPS estimates for InPlay Oil in a research report issued to clients and investors on Monday, October 7th. Noble Financial analyst M. Reichman anticipates that the company will earn $0.00 per share for the quarter. Noble Financial has a “Strong-Buy” rating on the stock. The consensus estimate for InPlay Oil’s current full-year earnings is $0.35 per share. Noble Financial also issued estimates for InPlay Oil’s Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.13 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at $0.25 EPS.

InPlay Oil (TSE:IPO – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C$0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.05 by C$0.01. InPlay Oil had a net margin of 17.18% and a return on equity of 9.08%. The company had revenue of C$41.46 million for the quarter, compared to the consensus estimate of C$41.21 million.

Separately, Acumen Capital reduced their price target on shares of InPlay Oil from C$3.75 to C$3.50 in a report on Friday, August 16th.

Check Out Our Latest Report on IPO

InPlay Oil Stock Up 3.9 %

Shares of TSE IPO opened at C$2.11 on Wednesday. InPlay Oil has a 12-month low of C$1.92 and a 12-month high of C$2.75. The company has a market capitalization of C$190.15 million, a PE ratio of 7.28 and a beta of 2.37. The company has a debt-to-equity ratio of 19.86, a current ratio of 1.00 and a quick ratio of 0.51. The firm’s 50-day moving average is C$2.10 and its two-hundred day moving average is C$2.24.

InPlay Oil Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 31st will be paid a dividend of $0.015 per share. This represents a $0.18 annualized dividend and a dividend yield of 8.53%. The ex-dividend date of this dividend is Tuesday, October 15th. InPlay Oil’s payout ratio is 62.07%.

InPlay Oil Company Profile

(Get Free Report)

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.

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