Kevin Yakiwchuk Sells 22,634 Shares of InPlay Oil (TSE:IPO) Stock

InPlay Oil Corp. (TSE:IPO) insider Kevin Yakiwchuk sold 22,634 shares of the business’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 sale, the insider owned 140,832 shares of the company’s stock, valued at approximately C$2,543,425.92. This represents a 13.85% decrease in their ownership of the stock.

InPlay Oil Stock Performance

IPO stock opened at C$17.93 on Thursday. The company has a market cap of C$495.76 million, a P/E ratio of -39.84 and a beta of 0.41. InPlay Oil Corp. has a 1 year low of C$11.00 and a 1 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 stock’s fifty day moving average price is C$15.91 and its 200-day moving average price is C$16.36.

InPlay Oil (TSE:IPO) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.78 EPS for the quarter. The company had revenue of C$248.23 million during the quarter. InPlay Oil had a negative return on equity of 3.81% and a negative net margin of 4.07%. On average, equities analysts forecast that InPlay Oil Corp. will post 0.3500838 earnings per share for the current year.

InPlay Oil Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Tuesday, September 15th. InPlay Oil’s payout ratio is currently -240.00%.

Wall Street Analyst Weigh In

Separately, National Bank Financial reduced their price target on shares of InPlay Oil from C$27.50 to C$22.50 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$18.33.

About InPlay Oil

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.