InPlay Oil (TSE:IPO) Insider Darren Dittmer Sells 11,317 Shares of Stock

InPlay Oil Corp. (TSE:IPO) insider Darren Dittmer sold 11,317 shares of InPlay Oil stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of C$17.71, for a total transaction of C$200,424.07. Following the transaction, the insider directly owned 194,798 shares of the company’s stock, valued at approximately C$3,449,872.58. This trade represents a 5.49% decrease in their ownership of the stock.

InPlay Oil Price Performance

InPlay Oil stock opened at C$18.17 on Monday. The company’s 50-day moving average price is C$16.06 and its two-hundred day moving average price is C$16.39. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 76.05. The stock has a market cap of C$502.40 million, a P/E ratio of -40.38 and a beta of 0.41. InPlay Oil Corp. has a twelve month low of C$11.00 and a twelve month high of C$18.96.

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

InPlay Oil Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be issued a $0.09 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 15th. InPlay Oil’s dividend payout ratio (DPR) is currently -240.00%.

Analysts Set New Price Targets

Separately, National Bank Financial lowered their target price 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$18.33.

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.