InPlay Oil (TSE:IPO) Stock Jumps 1% – Time to Buy?

InPlay Oil Corp. (TSE:IPO) shares shot up 1% during mid-day trading on Monday. The stock traded as high as C$17.16 and last traded at C$17.01. 53,030 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 109,947 shares. The stock had previously closed at C$16.84.

Analyst Upgrades and Downgrades

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

InPlay Oil Stock Performance

The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.51 and a current ratio of 0.99. The stock’s 50 day moving average price is C$16.81 and its 200 day moving average price is C$16.48. The company has a market capitalization of C$470.88 million, a P/E ratio of -37.84 and a beta of 0.56.

InPlay Oil (TSE:IPO) last released its earnings results on Thursday, August 13th. The company reported C$0.78 EPS for the quarter. The business 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%. As a group, equities analysts expect that InPlay Oil Corp. will post 0.3500838 EPS for the current year.

InPlay Oil Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors 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 annualized dividend and a yield of 6.3%. InPlay Oil’s dividend payout ratio is -240.00%.

Insiders Place Their Bets

In other InPlay Oil news, insider Darren W. Dittmer sold 11,317 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of C$17.71, for a total value of C$200,424.07. Following the transaction, the insider owned 194,798 shares of the company’s stock, valued at approximately C$3,449,872.58. The trade was a 5.49% decrease in their ownership of the stock. Also, insider Kevin Leonard sold 17,222 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$18.01, for a total transaction of C$310,168.22. Following the transaction, the insider owned 41,102 shares of the company’s stock, valued at approximately C$740,247.02. The trade was a 29.53% 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 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.