InPlay Oil Corp. (TSE:IPO – Get Free Report)’s share price traded down 1.4% during mid-day trading on Friday . The company traded as low as C$16.48 and last traded at C$16.59. 106,662 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 117,638 shares. The stock had previously closed at C$16.83.
Analyst Upgrades and Downgrades
Separately, Acumen Capital lifted their price target on shares of 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 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.com, InPlay Oil presently has an average rating of “Buy” and a consensus target price of C$16.38.
Read Our Latest Research Report on InPlay Oil
InPlay Oil Trading Down 1.4%
InPlay Oil (TSE:IPO – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported C($1.24) earnings per share for the quarter. InPlay Oil had a negative return on equity of 10.86% and a negative net margin of 12.40%.The company had revenue of C$31.77 million for the quarter. On average, equities analysts predict that InPlay Oil Corp. will post 0.3500838 EPS for the current year.
InPlay Oil Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.5%. InPlay Oil’s dividend payout ratio (DPR) is presently -78.83%.
Insiders Place Their Bets
In other InPlay Oil news, insider Kevin Yakiwchuk sold 12,285 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of C$18.18, for a total transaction of C$223,341.30. Following the sale, the insider owned 137,256 shares of the company’s stock, valued at approximately C$2,495,314.08. This trade represents a 8.22% decrease in their ownership of the stock. Insiders own 25.31% of the company’s stock.
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.
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