InPlay Oil (TSE:IPO) Insider Sells C$26,400.00 in Stock

Key Points

• An insider of InPlay Oil, Darren Dittmer, sold C$26,400 worth of shares, decreasing his ownership by 1.26% and leaving him with 172,644 shares valued at approximately C$2,071,728.
• The company announced a dividend payout of $0.09 per share, with a remarkable yield of 950.0%, to be paid on September 30th to shareholders of record as of September 15th.
• Wall Street analysts maintain a positive outlook on InPlay Oil, with three analysts rating it as a Strong Buy and an average target price consensus of C$12.50.

InPlay Oil Corp. (TSE:IPO - Get Free Report) insider Darren Dittmer sold 2,200 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of C$12.00, for a total transaction of C$26,400.00. Following the sale, the insider directly owned 172,644 shares in the company, valued at approximately C$2,071,728. This represents a 1.26% decrease in their position.

InPlay Oil Trading Down 1.2%

Shares of TSE:IPO traded down C$0.15 during trading on Thursday, reaching C$12.50. The stock had a trading volume of 57,963 shares, compared to its average volume of 57,556. The business has a fifty day moving average price of C$10.68 and a 200-day moving average price of C$7.33. The company has a quick ratio of 0.51, a current ratio of 0.61 and a debt-to-equity ratio of 20.44. The stock has a market cap of C$347.58 million, a P/E ratio of -83.33 and a beta of 1.09. InPlay Oil Corp. has a fifty-two week low of C$6.54 and a fifty-two week high of C$13.02.

InPlay Oil Announces Dividend

The firm also recently disclosed a sep 25 dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th 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 payout ratio is currently -720.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IPO. Roth Capital set a C$18.00 target price on shares of InPlay Oil and gave the company a "buy" rating in a research note on Monday, July 14th. ATB Capital set a C$13.00 target price 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 objective on shares of InPlay Oil and gave the company an "outperform" rating in a research report on Monday. Finally, National Bank Financial upgraded shares of InPlay Oil to a "strong-buy" rating in a report on Sunday. Three equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently 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.

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