Key Points
- Insider sale: Darren Dittmer sold 11,317 InPlay Oil shares for approximately C$200,424 at an average price of C$17.71, reducing his stake by 5.49% to 194,798 shares.
- Financial performance: InPlay Oil reported quarterly earnings of C$0.78 per share and revenue of C$248.23 million, but posted a negative net margin of 4.07% and negative return on equity of 3.81%.
- Dividend and analyst outlook: The company announced a monthly dividend of $0.09 per share, representing a 5.9% yield. Analysts maintain a “Buy” consensus, with an average price target of C$18.33, although National Bank Financial lowered its target to C$22.50.
InPlay Oil Corp. (TSE:IPO - Get Free Report) insider Darren Dittmer sold 11,317 shares of the stock in a transaction dated Wednesday, September 9th. The shares were 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 directly owned 194,798 shares of the company's stock, valued at approximately C$3,449,872.58. The trade was a 5.49% decrease in their position.
InPlay Oil Stock Performance
TSE:IPO opened at C$18.17 on Monday. The firm's fifty day moving average is C$16.06 and its 200-day moving average is C$16.39. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.51 and a current ratio of 0.99. InPlay Oil Corp. has a 52 week low of C$11.00 and a 52 week high of C$18.96. The firm has a market cap of C$502.40 million, a P/E ratio of -40.38 and a beta of 0.41.
InPlay Oil (TSE:IPO - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported C$0.78 earnings per share 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. Equities 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 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 5.9%. InPlay Oil's payout ratio is presently -240.00%.
Analysts Set New Price Targets
Separately, National Bank Financial cut their price target 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 research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$18.33.
Read Our Latest Stock 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.
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