Insider Selling: InPlay Oil (TSE:IPO) Insider Sells C$408,770.04 in Stock

Key Points

• InPlay Oil insider Kevin Yakiwchuk sold 22,634 shares at an average C$18.06, generating C$408,770.04 and reducing his direct stake by 13.85% to 140,832 shares.
• The stock traded at C$17.61, near its 52-week high of C$18.96, while the company reported C$248.23 million in quarterly revenue and C$0.78 earnings per share.
• InPlay Oil announced a monthly dividend of C$0.09 per share, representing a 6.1% annualized yield; analysts maintained a consensus “Buy” rating with an average target price of C$18.33.

InPlay Oil Corp. (TSE:IPO - Get Free Report) insider Kevin Yakiwchuk sold 22,634 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$18.06, for a total value of C$408,770.04. Following the sale, the insider directly owned 140,832 shares in the company, valued at C$2,543,425.92. This trade represents a 13.85% decrease in their position.

InPlay Oil Price Performance

TSE IPO traded down C$0.12 during trading hours on Tuesday, hitting C$17.61. The company had a trading volume of 69,272 shares, compared to its average volume of 113,309. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.51 and a current ratio of 0.99. The firm has a market capitalization of C$486.92 million, a price-to-earnings ratio of -39.13 and a beta of 0.41. InPlay Oil Corp. has a 52 week low of C$11.00 and a 52 week high of C$18.96. The firm has a 50 day simple moving average of C$15.84 and a 200 day simple moving average of C$16.35.

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

InPlay Oil Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th. InPlay Oil's dividend payout ratio is -240.00%.

Wall Street Analyst Weigh In

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