InPlay Oil (TSE:IPO) Given New C$25.00 Price Target at ATB Cormark Capital Markets

InPlay Oil (TSE:IPO) had its price objective upped by investment analysts at ATB Cormark Capital Markets from C$23.00 to C$25.00 in a research report issued on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 24.63% from the stock’s previous close.

Separately, National Bank Financial dropped 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 note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$20.00.

InPlay Oil Price Performance

IPO stock traded up C$0.36 during trading on Monday, reaching C$20.06. The company’s stock had a trading volume of 128,819 shares, compared to its average volume of 110,403. InPlay Oil has a 1 year low of C$11.40 and a 1 year high of C$20.19. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 76.05. The company has a market capitalization of C$554.66 million, a P/E ratio of -44.58 and a beta of 0.56. The company’s fifty day moving average is C$17.36 and its 200-day moving average is C$16.50.

InPlay Oil (TSE:IPO) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.78 EPS for the quarter. InPlay Oil had a negative return on equity of 3.81% and a negative net margin of 4.07%. The business had revenue of C$248.23 million for the quarter. On average, research analysts expect that InPlay Oil will post 0.35 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Darren W. Dittmer sold 11,317 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of C$17.71, for a total transaction of C$200,424.07. Following the completion of the transaction, the insider owned 194,798 shares in the company, valued at approximately C$3,449,872.58. This represents a 5.49% decrease in their ownership of the stock. Also, insider Kevin Leonard sold 17,222 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of C$18.01, for a total transaction of C$310,168.22. Following the transaction, the insider directly owned 41,102 shares of the company’s stock, valued at C$740,247.02. The trade was a 29.53% decrease in their ownership of the stock. Insiders have sold a total of 51,173 shares of company stock worth $919,362 over the last quarter. Insiders own 25.31% of the company’s stock.

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.