Insider Selling: InPlay Oil (TSE:IPO) Insider Sells C$408,770.04 in Stock

InPlay Oil Corp. (TSE:IPOGet Free Report) insider Kevin Yakiwchuk sold 22,634 shares of InPlay Oil stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$18.06, for a total value of C$408,770.04. Following the transaction, the insider owned 140,832 shares of the company’s stock, valued at C$2,543,425.92. The trade was a 13.85% decrease in their position.

InPlay Oil Stock Performance

IPO opened at C$18.00 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 76.05. InPlay Oil Corp. has a 12-month low of C$11.00 and a 12-month high of C$18.96. The business has a 50 day moving average of C$15.98 and a 200-day moving average of C$16.38. The stock has a market cap of C$497.70 million, a price-to-earnings ratio of -40.00 and a beta of 0.41.

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

InPlay Oil Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. InPlay Oil’s dividend payout ratio (DPR) is -240.00%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial dropped their price objective on shares of 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 MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$18.33.

Read Our Latest Report on IPO

About InPlay Oil

(Get Free Report)

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.

Read More

Receive News & Ratings for InPlay Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InPlay Oil and related companies with MarketBeat.com's FREE daily email newsletter.