Insider Selling: InPlay Oil (TSE:IPO) Insider Sells 22,634 Shares of Stock

InPlay Oil Corp. (TSE:IPO) insider Kevin Yakiwchuk sold 22,634 shares of InPlay Oil stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of C$18.06, for a total transaction of C$408,770.04. Following the completion of the transaction, the insider owned 140,832 shares in the company, valued at approximately C$2,543,425.92. The trade was a 13.85% decrease in their position.

InPlay Oil Trading Down 0.7%

InPlay Oil stock traded down C$0.12 during mid-day trading on Tuesday, hitting C$17.61. The company’s stock had a trading volume of 69,272 shares, compared to its average volume of 113,309. The business has a 50 day moving average price of C$15.84 and a 200-day moving average price of C$16.35. The company has a debt-to-equity ratio of 76.05, a current ratio of 0.99 and a quick ratio of 0.51. InPlay Oil Corp. has a 12 month low of C$11.00 and a 12 month high of C$18.96. The stock has a market cap of C$486.92 million, a price-to-earnings ratio of -39.13 and a beta of 0.41.

InPlay Oil (TSE:IPO) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.78 earnings per share (EPS) for the quarter. The firm had revenue of C$248.23 million for the quarter. InPlay Oil had a negative return on equity of 3.81% and a negative net margin of 4.07%. As a group, analysts forecast that InPlay Oil Corp. will post 0.3500838 EPS for the current year.

InPlay Oil Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be given a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Tuesday, September 15th. InPlay Oil’s dividend payout ratio (DPR) is presently -240.00%.

Analysts Set New Price Targets

Separately, National Bank Financial lowered their price objective on InPlay Oil from C$27.50 to C$22.50 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, InPlay Oil currently has a consensus rating of “Buy” and an average target price of C$18.33.

InPlay Oil Company Profile

InPlay is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities.