InPlay Oil (TSE:IPO) Insider Sells C$310,168.22 in Stock

InPlay Oil Corp. (TSE:IPO) insider Kevin Leonard sold 17,222 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$18.01, for a total value of C$310,168.22. Following the transaction, the insider directly owned 41,102 shares in the company, valued at approximately C$740,247.02. This represents a 29.53% decrease in their ownership of the stock.

InPlay Oil Price Performance

IPO traded up C$0.17 during midday trading on Friday, hitting C$18.17. The stock had a trading volume of 77,409 shares, compared to its average volume of 113,399. InPlay Oil Corp. has a 1 year low of C$11.00 and a 1 year high of C$18.96. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.51 and a current ratio of 0.99. The business has a fifty day moving average of C$16.06 and a 200 day moving average of C$16.39. The company has a market cap of C$502.40 million, a P/E ratio of -40.38 and a beta of 0.41.

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

InPlay Oil Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 5.9%. InPlay Oil’s dividend payout ratio (DPR) is currently -240.00%.

Analysts Set New Price Targets

Separately, National Bank Financial lowered their price target on shares of 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. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, InPlay Oil has an average rating of “Buy” and a consensus 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.