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 W. Dittmer sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of C$12.00, for a total value of C$26,400.00. Following the transaction, the insider owned 172,644 shares in the company, valued at C$2,071,728. The trade was a 1.26% decrease in their position.

InPlay Oil Price Performance

Shares of IPO traded up C$0.19 on Tuesday, reaching C$12.58. The stock had a trading volume of 73,472 shares, compared to its average volume of 57,452. The firm has a market capitalization of C$349.80 million, a PE ratio of -83.87 and a beta of 1.09. 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 firm has a 50-day moving average of C$10.87 and a 200 day moving average of C$7.63. InPlay Oil Corp. has a twelve month low of C$6.54 and a twelve month high of C$13.02.

InPlay Oil Dividend Announcement

The business also recently announced a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a yield of 950.0%. InPlay Oil's dividend payout ratio is presently -720.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IPO shares. Roth Capital set a C$18.00 target price on InPlay Oil and gave the company 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. National Bank Financial raised InPlay Oil to a "strong-buy" rating in a research note on Sunday, September 7th. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Strong Buy" and an average 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.