InPlay Oil (TSE:IPO) Insider Kevin Leonard Sells 17,222 Shares

InPlay Oil Corp. (TSE:IPO) insider Kevin Leonard sold 17,222 shares of the company’s 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 completion of the transaction, the insider owned 41,102 shares in the company, valued at approximately C$740,247.02. The trade was a 29.53% decrease in their position.

InPlay Oil Stock Performance

Shares of InPlay Oil stock opened at C$18.17 on Monday. The stock has a market capitalization of C$502.40 million, a P/E ratio of -40.38 and a beta of 0.41. InPlay Oil Corp. has a 52-week low of C$11.00 and a 52-week high of C$18.96. 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 simple moving average is C$16.06 and its 200 day simple moving average is C$16.39.

InPlay Oil (TSE:IPO) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.78 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, research analysts anticipate that InPlay Oil Corp. will post 0.3500838 EPS for the current year.

InPlay Oil Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, National Bank Financial cut 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 report on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price 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.