InPlay Oil (TSE:IPO) Director Sells C$87,500.82 in 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 InPlay Oil stock in a transaction dated 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 completion of the sale, the director owned 341,810 shares of the company's stock, valued at C$3,889,797.80. The trade was a 2.20% decrease in their ownership of the stock.

InPlay Oil Stock Performance

TSE IPO traded up C$0.18 during trading hours on Tuesday, hitting C$12.01. The company's stock had a trading volume of 44,145 shares, compared to its average volume of 57,265. InPlay Oil Corp. has a 12 month low of C$6.54 and a 12 month high of C$13.02. The company's 50 day simple moving average is C$10.55 and its two-hundred day simple moving average is C$7.26. The company has a market cap of C$333.95 million, a P/E ratio of -80.07 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 Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Roth Capital set a C$18.00 price target on shares of InPlay Oil and gave the company a "buy" rating in a research report on Monday, July 14th. ATB Capital set a C$13.00 price target on shares of InPlay Oil and gave the company an "outperform" rating in a research report on Thursday, June 5th. National Bankshares set a C$16.00 price target on shares of InPlay Oil and gave the company an "outperform" rating in a research report on Monday. Finally, National Bank Financial raised shares of InPlay Oil to a "strong-buy" rating in a research report on Sunday. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the stock has an average rating of "Strong Buy" and a consensus target price of C$12.50.

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.

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