InPlay Oil Corp. (OTCMKTS:IPOOF) Short Interest Up 7.2% in October

InPlay Oil Corp. (OTCMKTS:IPOOF) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 253,300 shares, an increase of 7.2% from the September 30th total of 236,300 shares. Based on an average daily volume of 71,800 shares, the days-to-cover ratio is presently 3.5 days.

Analysts Set New Price Targets

Separately, Noble Financial raised shares of InPlay Oil to a “strong-buy” rating in a research note on Monday, October 7th.

InPlay Oil Stock Up 2.9 %

Shares of OTCMKTS IPOOF opened at $1.40 on Thursday. The stock has a market cap of $126.17 million, a PE ratio of 7.00 and a beta of 1.60. 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 $1.36 and a 12-month high of $1.99. The company has a 50-day moving average of $1.50 and a 200 day moving average of $1.60.

InPlay Oil (OTCMKTS:IPOOF) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. InPlay Oil had a return on equity of 8.94% and a net margin of 15.05%. The business had revenue of $30.30 million during the quarter, compared to analyst estimates of $30.58 million. As a group, sell-side analysts predict that InPlay Oil will post 0.14 EPS for the current fiscal year.

InPlay Oil Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be given a dividend of $0.0111 per share. This is a boost from InPlay Oil’s previous dividend of $0.01. The ex-dividend date is Tuesday, October 15th. This represents a dividend yield of 8.62%. InPlay Oil’s payout ratio is presently 65.00%.

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.