InPlay Oil Corp. (IPO) to Issue Monthly Dividend of $0.09 on May 29th

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Friday, May 15th, TickerTech Dividends reports. Shareholders of record on Friday, May 29th will be given a dividend of 0.09 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, May 15th.

InPlay Oil Stock Up 0.7%

Shares of IPO traded up C$0.12 during midday trading on Wednesday, reaching C$16.94. 20,152 shares of the company were exchanged, compared to its average volume of 119,187. InPlay Oil has a 1-year low of C$7.82 and a 1-year high of C$18.96. The stock has a 50-day moving average price of C$16.93 and a 200-day moving average price of C$14.62. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 72.27. The company has a market cap of C$472.27 million, a price-to-earnings ratio of -12.36 and a beta of 0.55.

InPlay Oil (TSE:IPO) last posted its earnings results on Friday, May 8th. The company reported C($1.24) earnings per share (EPS) for the quarter. The company had revenue of C$31.77 million during the quarter. InPlay Oil had a negative net margin of 12.40% and a negative return on equity of 10.86%. Research analysts expect that InPlay Oil will post 0.3500838 earnings per share for the current year.

Insider Buying and Selling at InPlay Oil

In other news, insider Kevin Yakiwchuk sold 12,285 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of C$18.18, for a total transaction of C$223,341.30. Following the completion of the sale, the insider directly owned 137,256 shares in the company, valued at C$2,495,314.08. This trade represents a 8.22% decrease in their ownership of the stock. 25.31% of the stock is owned by corporate insiders.

About InPlay Oil

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.