InPlay Oil (TSE:IPO) Insider Kevin Yakiwchuk Sells 22,634 Shares of Stock

InPlay Oil Corp. (TSE:IPO) insider Kevin Yakiwchuk sold 22,634 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 140,832 shares of the company’s stock, valued at C$2,543,425.92. This trade represents a 13.85% decrease in their ownership of the stock.

InPlay Oil Stock Down 0.7%

Shares of InPlay Oil stock opened at C$17.61 on Wednesday. The firm has a market cap of C$486.92 million, a price-to-earnings ratio of -39.13 and a beta of 0.41. The stock has a 50-day simple moving average of C$15.84 and a 200-day simple moving average of C$16.35. 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 current ratio of 0.99 and a quick ratio of 0.51.

InPlay Oil (TSE:IPO) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.78 earnings per share for the quarter. The firm 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%. On average, equities research analysts expect that InPlay Oil Corp. will post 0.3500838 earnings per share for the current fiscal year.

InPlay Oil Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. InPlay Oil’s dividend payout ratio (DPR) is currently -240.00%.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial reduced their price objective on shares of 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 MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$18.33.

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.