InPlay Oil (TSE:IPO) Stock Price Up 0.6% - Here's What Happened

Key Points

• InPlay Oil Corp. saw its stock price increase by 0.6% during recent trading, closing at C$11.65, after reaching a high of C$11.78.
• Analysts have given InPlay Oil a consensus rating of "Strong Buy" with target prices ranging from C$16.00 to C$18.00.
• The company announced a dividend of $0.09 per share that is set to be paid on October 31st, representing a dividend yield of 859.0%.

InPlay Oil Corp. (TSE:IPO - Get Free Report)'s stock price rose 0.6% during trading on Tuesday . The company traded as high as C$11.78 and last traded at C$11.65. Approximately 41,045 shares were traded during trading, a decline of 30% from the average daily volume of 58,542 shares. The stock had previously closed at C$11.58.

Analyst Ratings Changes

IPO has been the topic of a number of analyst reports. Roth Capital set a C$18.00 target price on InPlay Oil and gave the company a "buy" rating in a research report on Monday, July 14th. National Bank Financial upgraded InPlay Oil to a "strong-buy" rating in a report on Sunday, September 7th. Finally, National Bankshares set a C$16.00 price objective on InPlay Oil and gave the stock an "outperform" rating in a report on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, InPlay Oil has an average rating of "Strong Buy" and a consensus price target of C$12.50.

InPlay Oil Trading Up 0.6%

The firm has a market capitalization of C$323.94 million, a price-to-earnings ratio of -77.67 and a beta of 0.85. The company has a fifty day moving average price of C$12.00 and a two-hundred day moving average price of C$9.55. The company has a current ratio of 0.61, a quick ratio of 0.51 and a debt-to-equity ratio of 20.44.

InPlay Oil Dividend Announcement

The business also recently announced a oct 25 dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 31st will be issued a dividend of $0.09 per share. This represents a dividend yield of 859.0%. The ex-dividend date is Wednesday, October 15th. InPlay Oil's payout ratio is currently -720.00%.

Insider Activity at InPlay Oil

In other news, Director Douglas Bartole sold 7,689 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of C$11.38, for a total transaction of C$87,500.82. Following the transaction, the director directly owned 341,810 shares in the company, valued at C$3,889,797.80. The trade was a 2.20% decrease in their position. Also, 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 approximately C$2,071,728. This represents a 1.26% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 10,389 shares of company stock worth $120,251. Insiders own 25.31% of the company's stock.

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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