InPlay Oil (TSE:IPO) Sets New 1-Year High – What’s Next?

InPlay Oil Corp. (TSE:IPO) reached a new 52-week high during trading on Wednesday. The company traded as high as C$19.00 and last traded at C$18.96, with a volume of 32,105 shares. The stock had previously closed at C$18.75.

Analysts Set New Price Targets

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

InPlay Oil Price Performance

The business has a 50 day simple moving average of C$17.09 and a two-hundred day simple moving average of C$16.47. The firm has a market capitalization of C$528.39 million, a P/E ratio of -42.47 and a beta of 0.56. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.51 and a current ratio of 0.99.

InPlay Oil (TSE:IPO) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.78 EPS for the quarter. The firm had revenue of C$248.23 million for the quarter. InPlay Oil had a negative return on equity of 3.81% and a negative net margin of 4.07%. On average, sell-side analysts expect that InPlay Oil Corp. will post 0.35 EPS for the current fiscal year.

InPlay Oil Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.7%. InPlay Oil’s dividend payout ratio is -240.00%.

Insider Transactions at InPlay Oil

In other InPlay Oil news, insider Kevin Leonard sold 17,222 shares of InPlay Oil stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of C$18.01, for a total value of C$310,168.22. Following the completion of the sale, the insider owned 41,102 shares of the company’s stock, valued at approximately C$740,247.02. This trade represents a 29.53% decrease in their position. Also, insider Kevin Yakiwchuk sold 22,634 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$18.06, for a total value of C$408,770.04. Following the completion of the transaction, the insider directly owned 140,832 shares of the company’s stock, valued at approximately C$2,543,425.92. This trade represents a 13.85% decrease in their position. Insiders have sold 51,173 shares of company stock valued at $919,362 in the last three months. 25.31% of the stock is currently owned by company insiders.

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.