InPlay Oil (TSE:IPO) Sets New 52-Week High – Time to Buy?

InPlay Oil Corp. (TSE:IPO)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$18.96 and last traded at C$18.60, with a volume of 22422 shares. The stock had previously closed at C$18.40.

Analyst Ratings Changes

Separately, Acumen Capital boosted their target price 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 research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$15.70.

InPlay Oil Trading Up 0.7%

The stock has a market capitalization of C$505.73 million, a PE ratio of -56.69 and a beta of 0.92. The firm has a 50-day moving average price of C$16.03 and a 200-day moving average price of C$13.77. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 61.06.

InPlay Oil (TSE:IPO) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$1.10 earnings per share for the quarter. The company 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%. As a group, equities analysts forecast that InPlay Oil Corp. will post 0.3500838 EPS for the current fiscal year.

InPlay Oil Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a $0.09 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a c) annualized dividend and a yield of 6.0%. InPlay Oil’s payout ratio is currently -337.50%.

Insiders Place Their Bets

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

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.