InPlay Oil (TSE:IPO) Director Sells C$18,430.00 in Stock

InPlay Oil Corp. (TSE:IPO) Director Stephen Curtis Nikiforuk sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of C$18.43, for a total transaction of C$18,430.00. Following the sale, the director owned 3,494 shares of the company’s stock, valued at approximately C$64,394.42. This represents a 22.25% decrease in their ownership of the stock.

InPlay Oil Trading Down 5.2%

Shares of TSE IPO opened at C$17.19 on Thursday. The firm’s 50 day moving average price is C$16.10 and its 200-day moving average price is C$13.80. The company has a market cap of C$479.24 million, a PE ratio of -53.72 and a beta of 0.92. InPlay Oil Corp. has a 52-week low of C$6.54 and a 52-week high of C$18.96. The company has a debt-to-equity ratio of 61.06, a quick ratio of 0.51 and a current ratio of 1.10.

InPlay Oil (TSE:IPO) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$1.10 EPS for the quarter. The firm had revenue of C$82.94 million for the quarter. InPlay Oil had a negative net margin of 2.79% and a negative return on equity of 2.22%. On average, equities research analysts expect that InPlay Oil Corp. will post 0.3500838 EPS for the current fiscal year.

InPlay Oil Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Wednesday, April 15th. InPlay Oil’s dividend payout ratio (DPR) is currently -337.50%.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital boosted their price target on InPlay Oil from C$17.00 to C$17.50 and gave the stock a “buy” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$15.70.

About InPlay Oil

InPlay Oil Corp is oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company’s operations are focused on a concentrated light oil asset base located in West Central Alberta. It derives revenue from selling its production of crude oil, natural gas and NGLs under variable price contracts.