Stephen Curtis Nikiforuk Sells 1,000 Shares of InPlay Oil (TSE:IPO) Stock

InPlay Oil Corp. (TSE:IPO) Director Stephen Curtis Nikiforuk sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of C$18.43, for a total value of C$18,430.00. Following the sale, the director owned 3,494 shares of the company’s stock, valued at approximately C$64,394.42. This trade represents a 22.25% decrease in their ownership of the stock.

InPlay Oil Stock Performance

TSE IPO opened at C$18.14 on Wednesday. The company has a market cap of C$505.73 million, a PE ratio of -56.69 and a beta of 0.92. The stock’s 50 day simple moving average is C$16.03 and its 200-day simple moving average is C$13.77. InPlay Oil Corp. has a 1-year low of C$6.54 and a 1-year high of C$18.96. The company has a debt-to-equity ratio of 61.06, a current ratio of 1.10 and a quick ratio of 0.51.

InPlay Oil (TSE:IPO) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$1.10 earnings per share (EPS) for the quarter. InPlay Oil had a negative return on equity of 2.22% and a negative net margin of 2.79%.The firm had revenue of C$82.94 million for the quarter. As a group, equities research analysts anticipate that InPlay Oil Corp. will post 0.3500838 EPS for the current fiscal year.

InPlay Oil Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Monday, March 16th. InPlay Oil’s payout ratio is -337.50%.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital upped their target price on shares of InPlay Oil from C$17.00 to C$17.50 and gave the stock a “buy” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$15.70.

About InPlay Oil

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. It derives revenue from selling its production of crude oil, natural gas and NGLs under variable price contracts.