Insider Selling: InPlay Oil (TSE:IPO) Director Sells C$21,341.60 in Stock

InPlay Oil Corp. (TSE:IPO) Director Stephen Curtis Nikiforuk sold 1,480 shares of the firm’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$14.42, for a total transaction of C$21,341.60. Following the transaction, the director directly owned 4,000 shares in the company, valued at C$57,680. This trade represents a 27.01% decrease in their position.

InPlay Oil Trading Up 3.5%

TSE:IPO opened at C$14.90 on Thursday. The firm has a 50-day simple moving average of C$16.26 and a 200-day simple moving average of C$15.62. InPlay Oil Corp. has a one year low of C$9.36 and a one year high of C$18.96. The firm has a market cap of C$417.29 million, a P/E ratio of -10.88 and a beta of 0.37. The company has a debt-to-equity ratio of 72.27, a quick ratio of 0.51 and a current ratio of 0.82.

InPlay Oil (TSE:IPO) last issued its quarterly earnings data on Friday, May 8th. The company reported C($1.24) earnings per share (EPS) for the quarter. The business had revenue of C$31.77 million for the quarter. InPlay Oil had a negative net margin of 12.40% and a negative return on equity of 10.86%. Equities analysts anticipate that InPlay Oil Corp. will post 0.3500838 EPS for the current fiscal year.

InPlay Oil Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be given a $0.09 dividend. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Wednesday, July 15th. InPlay Oil’s payout ratio is presently -78.83%.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial dropped their price objective on InPlay Oil from C$27.50 to C$22.50 and set an “outperform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$18.25.

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.