InPlay Oil (TSE:IPO) Stock Price Up 1% – Should You Buy?

by · The Markets Daily

InPlay Oil Corp. (TSE:IPO – Get Free Report) rose 1% on Monday. The company traded as high as C$17.16 and last traded at C$17.01. 53,030 shares traded hands during trading, a decline of 52% from the average daily volume of 109,947 shares. The stock had previously closed at C$16.84.

Analyst Upgrades and Downgrades

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

Read Our Latest Research Report on IPO

InPlay Oil Price Performance

The stock’s fifty day moving average price is C$16.76 and its 200-day moving average price is C$16.48. The firm has a market cap of C$470.33 million, a price-to-earnings ratio of -37.80 and a beta of 0.56. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 76.05.

InPlay Oil (TSE:IPO – Get Free Report) last released 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%. As a group, equities research analysts forecast that InPlay Oil Corp. will post 0.3500838 earnings per share for the current fiscal year.

InPlay Oil Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 30th will be given a $0.09 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.08 dividend on an annualized basis and a yield of 6.3%. InPlay Oil’s payout ratio is currently -240.00%.

Insider Activity

In other news, insider Kevin Yakiwchuk sold 22,634 shares of the company’s stock in a transaction on 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 transaction, the insider owned 140,832 shares of the company’s stock, valued at C$2,543,425.92. This represents a 13.85% decrease in their position. Also, insider Darren W. Dittmer sold 11,317 shares of the 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. This represents a 5.49% decrease in their ownership of the stock. Insiders have sold a total of 51,173 shares of company stock valued at $919,362 in the last quarter. Insiders own 25.31% of the company’s stock.

About InPlay Oil

(Get Free Report)

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.

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