Kevin Yakiwchuk Sells 12,285 Shares of InPlay Oil (TSE:IPO) Stock

InPlay Oil Corp. (TSE:IPO) insider Kevin Yakiwchuk sold 12,285 shares of the business’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of C$18.18, for a total value of C$223,341.30. Following the completion of the sale, the insider directly owned 137,256 shares of the company’s stock, valued at C$2,495,314.08. This represents a 8.22% decrease in their position.

InPlay Oil Stock Performance

IPO opened at C$18.14 on Wednesday. The company has a debt-to-equity ratio of 61.06, a quick ratio of 0.51 and a current ratio of 1.10. 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 has a 50-day moving average of C$16.03 and a 200-day moving average of C$13.77. InPlay Oil Corp. has a 52-week low of C$6.54 and a 52-week high of C$18.96.

InPlay Oil (TSE:IPO) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$1.10 earnings per share for the quarter. InPlay Oil had a negative return on equity of 2.22% and a negative net margin of 2.79%.The business had revenue of C$82.94 million for the quarter. 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 company also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.09 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. InPlay Oil’s dividend payout ratio (DPR) is currently -337.50%.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital upped their price objective 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 equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, InPlay Oil presently has an average rating of “Buy” and an average target price of C$15.70.

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