InPlay Oil Corp. (IPO) to Distribute Monthly Dividend of $0.09 on October 30th

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Thursday, October 15th. Shareholders of record on Friday, October 30th will be given a dividend of $0.09 per share on Friday, October 30th. This represents a $1.08 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Thursday, October 15th.

InPlay Oil Stock Performance

TSE:IPO opened at C$17.82 on Tuesday. InPlay Oil has a twelve month low of C$11.00 and a twelve month high of C$18.96. 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 business has a 50 day moving average price of C$17.02 and a two-hundred day moving average price of C$16.46. The company has a market cap of C$492.72 million, a P/E ratio of -39.60 and a beta of 0.56.

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

Insider Activity at InPlay Oil

In related news, insider Kevin Yakiwchuk sold 22,634 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of C$18.06, for a total transaction 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 represents a 13.85% decrease in their ownership of the stock. Also, insider Kevin Leonard sold 17,222 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$18.01, for a total value of C$310,168.22. Following the transaction, the insider directly owned 41,102 shares of the company’s stock, valued at C$740,247.02. This trade represents a 29.53% decrease in their ownership of the stock. Over the last quarter, insiders have sold 51,173 shares of company stock valued at $919,362. 25.31% of the stock is owned by insiders.

About InPlay Oil

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.