Key Points
- Kevin Leonard sold 4,000 shares of InPlay Oil at an average price of C$12.47 on Oct. 24, reducing his stake by 18.77% to 17,310 shares valued at C$215,855.70.
- Monthly dividend of $0.09 per share was declared (ex-dividend date Nov. 14, payable Nov. 28), implying an annualized yield of 8.5% but an unusually high payout ratio of 2,160%.
- Stock and analyst snapshot: InPlay trades around C$12.68 with a market cap of C$352.6M, P/E of 253.6 and a 52-week range of C$6.54–C$13.73; analysts hold a consensus "Strong Buy" with a target of C$15.25.
InPlay Oil Corp. (TSE:IPO - Get Free Report) insider Kevin Leonard sold 4,000 shares of the firm's stock in a transaction dated Friday, October 24th. The stock was sold at an average price of C$12.47, for a total value of C$49,880.00. Following the completion of the sale, the insider directly owned 17,310 shares in the company, valued at C$215,855.70. The trade was a 18.77% decrease in their ownership of the stock.
InPlay Oil Stock Performance
InPlay Oil stock opened at C$12.68 on Friday. The company has a debt-to-equity ratio of 20.44, a quick ratio of 0.51 and a current ratio of 0.61. The stock's 50 day simple moving average is C$12.48 and its two-hundred day simple moving average is C$10.83. The stock has a market cap of C$352.58 million, a price-to-earnings ratio of 253.60 and a beta of 0.63. InPlay Oil Corp. has a fifty-two week low of C$6.54 and a fifty-two week high of C$13.73.
InPlay Oil Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. InPlay Oil's dividend payout ratio is presently 2,160.00%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on IPO shares. National Bankshares lowered their price objective on InPlay Oil from C$16.00 to C$15.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 22nd. Canaccord Genuity Group upped their price target on InPlay Oil from C$14.00 to C$15.00 in a report on Thursday, November 13th. Finally, National Bank Financial raised InPlay Oil to a "strong-buy" rating in a research report on Sunday, September 7th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, InPlay Oil has a consensus rating of "Strong Buy" and a consensus target price of C$15.25.
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About InPlay Oil
(
Get Free Report)
InPlay Oil Corp is oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company's operations are focused on a concentrated light oil asset base located in West Central Alberta.
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