Insider Selling: InPlay Oil (TSE:IPO) Insider Sells 11,317 Shares

InPlay Oil Corp. (TSE:IPO) insider Darren Dittmer sold 11,317 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of C$17.71, for a total value of C$200,424.07. Following the completion of the transaction, the insider owned 194,798 shares of the company’s stock, valued at approximately C$3,449,872.58. This represents a 5.49% decrease in their position.

InPlay Oil Stock Up 0.9%

Shares of IPO traded up C$0.17 during mid-day trading on Friday, reaching C$18.17. 77,409 shares of the stock traded hands, compared to its average volume of 113,399. The stock has a fifty day simple moving average of C$16.06 and a 200 day simple moving average of C$16.39. InPlay Oil Corp. has a 12-month low of C$11.00 and a 12-month high of C$18.96. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 76.05. The firm has a market cap of C$502.40 million, a price-to-earnings ratio of -40.38 and a beta of 0.41.

InPlay Oil (TSE:IPO) last announced its earnings results on Thursday, August 13th. The company reported C$0.78 earnings per share for the quarter. The business had revenue of C$248.23 million during the quarter. InPlay Oil had a negative net margin of 4.07% and a negative return on equity of 3.81%. Sell-side analysts expect that InPlay Oil Corp. will post 0.3500838 EPS for the current fiscal year.

InPlay Oil Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 5.9%. InPlay Oil’s payout ratio is currently -240.00%.

Analysts Set New Price Targets

Separately, National Bank Financial lowered their target price on 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, InPlay Oil currently has a consensus rating of “Buy” and an average price target of C$18.33.

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.