Insider Selling: InPlay Oil (TSE:IPO) Insider Sells C$223,341.30 in Stock

InPlay Oil Corp. (TSE:IPO) insider Kevin Yakiwchuk sold 12,285 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of C$18.18, for a total value of C$223,341.30. Following the transaction, the insider owned 137,256 shares of the company’s stock, valued at approximately C$2,495,314.08. This represents a 8.22% decrease in their ownership of the stock.

InPlay Oil Stock Down 5.2%

IPO opened at C$17.19 on Thursday. InPlay Oil Corp. has a 12 month low of C$6.54 and a 12 month high of C$18.96. The company has a debt-to-equity ratio of 61.06, a current ratio of 1.10 and a quick ratio of 0.51. The stock has a market cap of C$479.24 million, a P/E ratio of -53.72 and a beta of 0.92. The stock’s 50 day moving average price is C$16.10 and its 200 day moving average price is C$13.80.

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

InPlay Oil Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 30th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) annualized dividend and a yield of 6.3%. InPlay Oil’s dividend payout ratio is presently -337.50%.

Wall Street Analyst Weigh In

Separately, Acumen Capital raised their target price 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 analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.