Insider Selling: InPlay Oil (TSE:IPO) Director Sells 7,689 Shares of Stock

Key Points

• InPlay Oil Director Douglas Bartole sold 7,689 shares for a total of C$87,500.82, reducing his ownership by 2.20% to 341,810 shares.
• The company announced a dividend of $0.09 per share, yielding an extraordinary 950.0%, with an ex-dividend date of September 15th.
• Investment analysts have issued a consensus rating of "Strong Buy" for InPlay Oil, with a target price averaging C$12.50 per share.

InPlay Oil Corp. (TSE:IPO - Get Free Report) Director Douglas Bartole sold 7,689 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of C$11.38, for a total value of C$87,500.82. Following the completion of the transaction, the director owned 341,810 shares in the company, valued at approximately C$3,889,797.80. The trade was a 2.20% decrease in their position.

InPlay Oil Stock Down 0.9%

Shares of IPO traded down C$0.11 during mid-day trading on Friday, reaching C$12.43. The company's stock had a trading volume of 30,311 shares, compared to its average volume of 57,444. The company's 50 day moving average is C$10.81 and its 200 day moving average is C$7.52. The stock has a market cap of C$345.63 million, a PE ratio of -82.87 and a beta of 1.09. The company has a debt-to-equity ratio of 20.44, a current ratio of 0.61 and a quick ratio of 0.51. InPlay Oil Corp. has a 12-month low of C$6.54 and a 12-month high of C$13.02.

InPlay Oil Announces Dividend

The company also recently declared a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be paid a dividend of $0.09 per share. This represents a yield of 950.0%. The ex-dividend date is Monday, September 15th. InPlay Oil's dividend payout ratio (DPR) is currently -720.00%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IPO. Roth Capital set a C$18.00 price target on InPlay Oil and gave the stock a "buy" rating in a research note on Monday, July 14th. National Bankshares set a C$16.00 price target on InPlay Oil and gave the stock an "outperform" rating in a research note on Monday, September 8th. ATB Capital set a C$13.00 price target on InPlay Oil and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Finally, National Bank Financial upgraded InPlay Oil to a "strong-buy" rating in a research note on Sunday, September 7th. Three analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to data from MarketBeat, InPlay Oil presently has an average rating of "Strong Buy" and a consensus price target of C$12.50.

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.