Key Points
- Insider Kevin Yakiwchuk sold 22,634 InPlay Oil shares at an average price of C$18.06, generating C$408,770.04 and reducing his ownership by 13.85% to 140,832 shares.
- InPlay Oil shares opened at C$17.61, with a market capitalization of approximately C$486.9 million and a 52-week range of C$11.00 to C$18.96. The company reported C$0.78 in quarterly EPS and C$248.23 million in revenue.
- The company announced a monthly dividend of $0.09 per share, representing a 6.1% annualized yield. Analysts maintain a consensus “Buy” rating, with an average price target of C$18.33.
InPlay Oil Corp. (TSE:IPO - Get Free Report) insider Kevin Yakiwchuk sold 22,634 shares of the firm's stock in a transaction on 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 transaction, the insider owned 140,832 shares in the company, valued at C$2,543,425.92. The trade was a 13.85% decrease in their ownership of the stock.
InPlay Oil Stock Performance
Shares of IPO opened at C$17.61 on Wednesday. The company has a market capitalization of C$486.92 million, a PE ratio of -39.13 and a beta of 0.41. InPlay Oil Corp. has a one year low of C$11.00 and a one year high of C$18.96. The company has a debt-to-equity ratio of 76.05, a current ratio of 0.99 and a quick ratio of 0.51. The company's fifty day moving average price is C$15.84 and its 200 day moving average price is C$16.35.
InPlay Oil (TSE:IPO - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported C$0.78 earnings per share for the quarter. InPlay Oil had a negative net margin of 4.07% and a negative return on equity of 3.81%. The firm had revenue of C$248.23 million during the quarter. As a group, analysts expect that InPlay Oil Corp. will post 0.3500838 earnings per share for the current year.
InPlay Oil Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be given a dividend of $0.09 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th. InPlay Oil's payout ratio is currently -240.00%.
Analyst Ratings Changes
Separately, National Bank Financial lowered their target price on InPlay Oil from C$27.50 to C$22.50 and set an "outperform" rating on the stock in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$18.33.
Read Our Latest Research Report 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.
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