Darren Dittmer Sells 11,317 Shares of InPlay Oil (TSE:IPO) Stock

Key Points

• Insider sale: Darren Dittmer sold 11,317 InPlay Oil shares for approximately C$200,424, reducing his holdings by 5.49% to 194,798 shares.
• Stock performance and outlook: Shares rose 0.9% to C$18.17, near their 12-month high of C$18.96. Analysts maintain a consensus “Buy” rating with an average target price of C$18.33, although National Bank Financial lowered its target to C$22.50.
• Dividend announced: InPlay Oil declared a monthly dividend of C$0.09 per share, implying a 5.9% annualized yield, with the ex-dividend date set for September 15.

InPlay Oil Corp. (TSE:IPO - Get Free Report) insider Darren Dittmer sold 11,317 shares of the firm's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of C$17.71, for a total value of C$200,424.07. Following the completion of the transaction, the insider owned 194,798 shares in the company, valued at approximately C$3,449,872.58. This trade represents a 5.49% decrease in their ownership of the stock.

InPlay Oil Trading Up 0.9%

Shares of TSE:IPO traded up C$0.17 during trading on Friday, reaching C$18.17. 77,409 shares of the stock were exchanged, compared to its average volume of 113,399. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.51 and a current ratio of 0.99. InPlay Oil Corp. has a 12-month low of C$11.00 and a 12-month high of C$18.96. The firm has a market cap of C$502.40 million, a price-to-earnings ratio of -40.38 and a beta of 0.41. The firm's 50-day moving average price is C$16.06 and its 200 day moving average price is C$16.39.

InPlay Oil (TSE:IPO - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported C$0.78 earnings per share (EPS) for the quarter. InPlay Oil had a negative net margin of 4.07% and a negative return on equity of 3.81%. The firm had revenue of C$248.23 million during the quarter. On average, sell-side analysts anticipate that InPlay Oil Corp. will post 0.3500838 earnings per share for the current fiscal year.

InPlay Oil Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 5.9%. InPlay Oil's dividend payout ratio is presently -240.00%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial cut their target price on shares of InPlay Oil from C$27.50 to C$22.50 and set an "outperform" rating on the stock in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$18.33.

About InPlay Oil

InPlay is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities.

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