Stephen Curtis Nikiforuk Sells 1,000 Shares of InPlay Oil (TSE:IPO) Stock

InPlay Oil Corp. (TSE:IPO) Director Stephen Curtis Nikiforuk sold 1,000 shares of the firm’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of C$18.43, for a total transaction of C$18,430.00. Following the sale, the director owned 3,494 shares in the company, valued at approximately C$64,394.42. This trade represents a 22.25% decrease in their position.

InPlay Oil Price Performance

Shares of TSE IPO traded down C$0.42 during mid-day trading on Monday, reaching C$17.98. 63,540 shares of the company were exchanged, compared to its average volume of 80,495. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 61.06. The company’s 50 day moving average price is C$15.84 and its 200 day moving average price is C$13.69. InPlay Oil Corp. has a 52 week low of C$6.54 and a 52 week high of C$18.96. The stock has a market capitalization of C$501.26 million, a PE ratio of -56.19 and a beta of 0.92.

InPlay Oil (TSE:IPO) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$1.10 EPS for the quarter. The firm had revenue of C$82.94 million for the quarter. InPlay Oil had a negative return on equity of 2.22% and a negative net margin of 2.79%. Sell-side analysts forecast that InPlay Oil Corp. will post 0.3500838 earnings per share for the current fiscal year.

InPlay Oil Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 6.0%. InPlay Oil’s dividend payout ratio (DPR) is -337.50%.

Analyst Upgrades and Downgrades

Separately, Acumen Capital upped their price objective on shares of InPlay Oil from C$17.00 to C$17.50 and gave the company a “buy” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$15.70.

InPlay Oil Company Profile

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. It derives revenue from selling its production of crude oil, natural gas and NGLs under variable price contracts.