InPlay Oil (TSE:IPO) Insider Sells C$49,880.00 in Stock

InPlay Oil Corp. (TSE:IPO) insider Kevin Leonard sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of C$12.47, for a total value of C$49,880.00. Following the completion of the sale, the insider directly owned 17,310 shares in the company, valued at approximately C$215,855.70. The trade was a 18.77% decrease in their ownership of the stock.

InPlay Oil Stock Performance

Shares of TSE:IPO opened at C$12.98 on Tuesday. InPlay Oil Corp. has a 12 month low of C$6.54 and a 12 month high of C$13.73. The business has a 50-day moving average of C$12.49 and a two-hundred day moving average of C$10.90. The company has a debt-to-equity ratio of 20.44, a current ratio of 0.61 and a quick ratio of 0.51. The firm has a market capitalization of C$360.92 million, a PE ratio of 259.60 and a beta of 0.63.

InPlay Oil Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Friday, November 14th. InPlay Oil’s dividend payout ratio (DPR) is currently 2,160.00%.

Wall Street Analyst Weigh In

IPO has been the subject of a number of research reports. Canaccord Genuity Group lifted their price objective on shares of InPlay Oil from C$14.00 to C$15.00 in a report on Thursday, November 13th. National Bank Financial raised InPlay Oil to a “strong-buy” rating in a research note on Sunday, September 7th. Finally, National Bankshares cut their target price on InPlay Oil from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Strong Buy” and a consensus target price of C$15.25.

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.