InPlay Oil (TSE:IPO) Shares Cross Below Fifty Day Moving Average – Should You Sell?

InPlay Oil Corp. (TSE:IPO)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$15.34 and traded as low as C$14.60. InPlay Oil shares last traded at C$14.61, with a volume of 125,927 shares.

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 report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$18.33.

InPlay Oil Stock Down 2.7%

The stock has a 50 day moving average price of C$15.34 and a 200 day moving average price of C$15.97. The company has a market cap of C$409.17 million, a P/E ratio of -10.66 and a beta of 0.35. The company has a debt-to-equity ratio of 72.27, a quick ratio of 0.51 and a current ratio of 0.82.

InPlay Oil (TSE:IPO) last posted its quarterly earnings results on Friday, May 8th. The company reported C($1.24) earnings per share (EPS) for the quarter. InPlay Oil had a negative return on equity of 10.86% and a negative net margin of 12.40%.The business had revenue of C$31.77 million during the quarter. Research analysts expect that InPlay Oil Corp. will post 0.3500838 earnings per share for the current fiscal year.

InPlay Oil Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be paid a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Friday, August 14th. InPlay Oil’s payout ratio is -78.83%.

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.