InPlay Oil (TSE:IPO) Price Target Raised to C$25.00

InPlay Oil (TSE:IPO) had its target price upped by ATB Cormark Capital Markets from C$23.00 to C$25.00 in a research report sent to investors on Monday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

Separately, National Bank Financial reduced their price objective on InPlay Oil from C$27.50 to C$22.50 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$20.00.

InPlay Oil Stock Performance

Shares of InPlay Oil stock opened at C$19.93 on Monday. InPlay Oil has a fifty-two week low of C$11.70 and a fifty-two week high of C$20.19. The company has a debt-to-equity ratio of 76.05, a current ratio of 0.99 and a quick ratio of 0.51. The firm has a market capitalization of C$551.06 million, a P/E ratio of -44.29 and a beta of 0.56. The company’s 50 day moving average price is C$17.59 and its two-hundred day moving average price is C$16.54.

InPlay Oil (TSE:IPO) last announced its quarterly 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 company had revenue of C$248.23 million during the quarter. On average, equities analysts forecast that InPlay Oil will post 0.35 earnings per share for the current fiscal year.

InPlay Oil Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 30th will be issued a $0.09 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.08 annualized dividend and a yield of 5.4%. InPlay Oil’s payout ratio is presently -240.00%.

Insider Activity at InPlay Oil

In other InPlay Oil news, insider Kevin Leonard sold 17,222 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of C$18.01, for a total transaction of C$310,168.22. Following the transaction, the insider directly owned 41,102 shares in the company, valued at approximately C$740,247.02. This represents a 29.53% decrease in their position. Also, insider Darren W. Dittmer sold 11,317 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 194,798 shares in the company, valued at C$3,449,872.58. The trade was a 5.49% decrease in their ownership of the stock. Insiders have sold a total of 51,173 shares of company stock worth $919,362 in the last 90 days. Corporate insiders own 25.31% of the company’s stock.

InPlay Oil Company Profile

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.