InPlay Oil (TSE:IPO) Given a C$16.00 Price Target at National Bankshares

Key Points

• National Bankshares has set a price target of C$16.00 for InPlay Oil, indicating a potential upside of 36.52% from its current price, while rating the stock as "outperform".
• Other analysts have varied price targets, with ATB Capital at C$13.00 and Roth Capital at C$18.00, contributing to a consensus rating of "Strong Buy".
• InPlay Oil's stock recently traded at C$11.72, which is above its 52-week low of C$6.54 and below its high of C$13.02.

National Bankshares set a C$16.00 price objective on InPlay Oil (TSE:IPO - Free Report) in a research note published on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on IPO. ATB Capital set a C$13.00 target price on shares of InPlay Oil and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Roth Capital set a C$18.00 target price on shares of InPlay Oil and gave the stock a "buy" rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Strong Buy" and an average price target of C$12.50.

InPlay Oil Price Performance

TSE:IPO traded down C$0.11 during mid-day trading on Monday, reaching C$12.43. The stock had a trading volume of 30,311 shares, compared to its average volume of 57,444. The stock has a 50-day simple moving average of C$10.81 and a two-hundred day simple moving average of C$7.48. The stock has a market capitalization of C$345.63 million, a PE ratio of -82.87 and a beta of 1.09. The company has a debt-to-equity ratio of 20.44, a current ratio of 0.61 and a quick ratio of 0.51. InPlay Oil has a 12 month low of C$6.54 and a 12 month high of C$13.02.

InPlay Oil Announces Dividend

The firm also recently disclosed 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 dividend yield of 950.0%. InPlay Oil's payout ratio is currently -720.00%.

Insider Buying and Selling at InPlay Oil

In related news, insider Darren W. Dittmer sold 2,200 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of C$12.00, for a total value of C$26,400.00. Following the sale, the insider owned 172,644 shares of the company's stock, valued at C$2,071,728. The trade was a 1.26% decrease in their ownership of the stock. Also, Director Douglas Bartole sold 7,689 shares of the business's stock in a transaction 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 completion of the sale, the director directly owned 341,810 shares in the company, valued at approximately C$3,889,797.80. This represents a 2.20% decrease in their position. In the last three months, insiders sold 10,389 shares of company stock worth $120,251. 25.31% of the stock is currently owned by insiders.

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.