InPlay Oil (TSE:IPO) Shares Pass Below Fifty Day Moving Average – Should You Sell?

InPlay Oil Corp. (TSE:IPO)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$15.62 and traded as low as C$14.35. InPlay Oil shares last traded at C$14.41, with a volume of 197,032 shares.

Analyst Ratings Changes

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

InPlay Oil Stock Performance

The firm has a 50-day moving average of C$15.51 and a two-hundred day moving average of C$15.92. The firm has a market capitalization of C$413.93 million, a P/E ratio of -10.79 and a beta of 0.37. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 72.27.

InPlay Oil (TSE:IPO) last released its earnings results on Friday, May 8th. The company reported C($1.24) earnings per share (EPS) for the quarter. The business 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%. On average, analysts anticipate that InPlay Oil Corp. will post 0.3500838 EPS for the current year.

InPlay Oil Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.3%. InPlay Oil’s payout ratio is -78.83%.

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.