InPlay Oil (TSE:IPO) Stock Price Down 1.4% – Here’s Why

InPlay Oil Corp. (TSE:IPO) was down 1.4% on Friday . The stock traded as low as C$16.48 and last traded at C$16.59. Approximately 106,662 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 117,638 shares. The stock had previously closed at C$16.83.

Wall Street Analyst Weigh In

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 report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$16.38.

InPlay Oil Stock Down 1.4%

The company has a debt-to-equity ratio of 72.27, a current ratio of 0.82 and a quick ratio of 0.51. The firm’s 50 day moving average is C$16.89 and its two-hundred day moving average is C$15.34. The firm has a market capitalization of C$464.62 million, a P/E ratio of -12.11 and a beta of 0.34.

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

InPlay Oil Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Monday, June 15th. InPlay Oil’s payout ratio is -78.83%.

Insiders Place Their Bets

In other InPlay Oil news, insider Kevin Yakiwchuk sold 12,285 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider owned 137,256 shares of the company’s stock, 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 company insiders.

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.