Insider Selling: InPlay Oil (TSE:IPO) Insider Sells C$200,424.07 in Stock

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

InPlay Oil Stock Up 1.4%

IPO opened at C$18.38 on Wednesday. The company has a market capitalization of C$508.21 million, a PE ratio of -40.84 and a beta of 0.41. The firm has a 50-day simple moving average of C$16.22 and a two-hundred day simple moving average of C$16.43. 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 52 week low of C$11.00 and a 52 week high of C$18.96.

InPlay Oil (TSE:IPOGet Free Report) last posted its earnings results on Thursday, August 13th. The company reported C$0.78 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. Analysts forecast that InPlay Oil Corp. will post 0.3500838 earnings per share for the current fiscal year.

InPlay Oil Dividend Announcement

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 given a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Tuesday, September 15th. InPlay Oil’s dividend payout ratio is currently -240.00%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial cut their price objective on shares of InPlay Oil from C$27.50 to C$22.50 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$18.33.

Check Out Our Latest Analysis on InPlay Oil

InPlay Oil Company Profile

(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.

Further Reading

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