InPlay Oil (TSE:IPO) Insider Sells C$310,168.22 in Stock

InPlay Oil Corp. (TSE:IPO) insider Kevin Leonard sold 17,222 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of C$18.01, for a total value of C$310,168.22. Following the sale, the insider owned 41,102 shares of the company’s stock, valued at C$740,247.02. This trade represents a 29.53% decrease in their position.

InPlay Oil Stock Performance

IPO opened at C$18.38 on Wednesday. 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$508.21 million, a PE ratio of -40.84 and a beta of 0.41. The business has a fifty day simple moving average of C$16.22 and a 200-day simple moving average of C$16.43. InPlay Oil Corp. has a fifty-two week low of C$11.00 and a fifty-two week high of C$18.96.

InPlay Oil (TSE:IPO) last announced its earnings results on Thursday, August 13th. The company reported C$0.78 earnings per share (EPS) for the quarter. InPlay Oil had a negative return on equity of 3.81% and a negative net margin of 4.07%.The company had revenue of C$248.23 million for the quarter. As a group, equities analysts predict 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 paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 5.9%. InPlay Oil’s dividend payout ratio is currently -240.00%.

Wall Street Analysts Forecast Growth

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