InPlay Oil Corp. (TSE:IPO – Get Free Report)’s share price was up 1% during mid-day trading on Monday. The stock traded as high as C$17.16 and last traded at C$17.01. Approximately 53,030 shares traded hands during trading, a decline of 52% from the average daily volume of 109,947 shares. The stock had previously closed at C$16.84.
Wall Street Analyst Weigh In
Separately, National Bank Financial reduced their price objective 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$18.33.
Get Our Latest Report on InPlay Oil
InPlay Oil Stock Up 1.0%
InPlay Oil (TSE:IPO – Get Free Report) last posted its quarterly earnings data 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 business had revenue of C$248.23 million during the quarter. On average, analysts predict that InPlay Oil Corp. will post 0.3500838 earnings per share for the current year.
InPlay Oil Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 30th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.08 dividend on an annualized basis and a yield of 6.3%. InPlay Oil’s dividend payout ratio is currently -240.00%.
Insider Activity
In other news, insider Kevin Yakiwchuk sold 22,634 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$18.06, for a total transaction of C$408,770.04. Following the completion of the sale, 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 ownership of the stock. Also, insider Darren W. Dittmer sold 11,317 shares of InPlay Oil stock in a transaction dated 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 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 ownership of the stock. Insiders have sold a total of 51,173 shares of company stock worth $919,362 over the last 90 days. 25.31% of the stock is currently owned by company insiders.
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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