InPlay Oil (TSE:IPO) Upgraded at National Bank Financial

National Bank Financial upgraded shares of InPlay Oil (TSE:IPO) to a strong-buy rating in a research note released on Sunday,Zacks.com reports.

Several other analysts have also weighed in on IPO. National Bankshares set a C$16.00 price target on InPlay Oil and gave the company an “outperform” rating in a report on Monday. ATB Capital set a C$13.00 price target on InPlay Oil and gave the company an “outperform” rating in a report on Thursday, June 5th. Finally, Roth Capital set a C$18.00 price target on InPlay Oil and gave the company a “buy” rating in a report on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat, InPlay Oil currently has an average rating of “Strong Buy” and a consensus target price of C$12.50.

InPlay Oil Stock Performance

TSE:IPO opened at C$11.96 on Friday. The stock’s fifty day moving average is C$10.61 and its 200 day moving average is C$7.29. InPlay Oil has a fifty-two week low of C$6.54 and a fifty-two week high of C$13.02. The firm has a market capitalization of C$332.56 million, a PE ratio of -79.73 and a beta of 1.09. The company has a debt-to-equity ratio of 20.44, a quick ratio of 0.51 and a current ratio of 0.61.

InPlay Oil Announces Dividend

The firm also recently announced a sep 25 dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 30th will be paid a $0.09 dividend. The ex-dividend date is Monday, September 15th. This represents a yield of 950.0%. InPlay Oil’s dividend payout ratio (DPR) is presently -720.00%.

Insiders Place Their Bets

In other InPlay Oil news, Director Douglas Bartole sold 7,689 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of C$11.38, for a total value of C$87,500.82. Following the sale, the director owned 341,810 shares in the company, valued at C$3,889,797.80. This trade represents a 2.20% decrease in their ownership of the stock. 25.31% of the stock is currently owned by insiders.

InPlay Oil Company Profile

InPlay Oil Corp is oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company’s operations are focused on a concentrated light oil asset base located in West Central Alberta.