National Bankshares Issues Pessimistic Forecast for InPlay Oil (TSE:IPO) Stock Price

InPlay Oil (TSE:IPO) had its price objective decreased by equities researchers at National Bankshares from C$16.00 to C$15.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 19.24% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on IPO. National Bank Financial upgraded shares of InPlay Oil to a “strong-buy” rating in a research report on Sunday, September 7th. Roth Capital set a C$18.00 target price on shares of InPlay Oil and gave the stock a “buy” rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average target price of C$12.25.

InPlay Oil Stock Performance

Shares of IPO opened at C$12.58 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.51 and a debt-to-equity ratio of 20.44. The stock has a market cap of C$349.80 million, a P/E ratio of -83.87 and a beta of 0.85. The company has a 50-day moving average of C$12.05 and a two-hundred day moving average of C$9.65. InPlay Oil has a 12-month low of C$6.54 and a 12-month high of C$13.73.

Insider Buying and Selling

In related news, Director Douglas Bartole sold 7,689 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of C$11.38, for a total transaction of C$87,500.82. Following the completion of the transaction, the director owned 341,810 shares of the company’s stock, valued at approximately C$3,889,797.80. This represents a 2.20% decrease in their ownership of the stock. Also, insider Darren W. Dittmer sold 2,200 shares of the company’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 transaction of C$26,400.00. Following the transaction, the insider directly owned 172,644 shares of the company’s stock, valued at C$2,071,728. This trade represents a 1.26% decrease in their position. In the last three months, insiders sold 10,389 shares of company stock valued at $120,251. Company insiders own 25.31% of the company’s stock.

InPlay Oil Company Profile

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.