InPlay Oil (TSE:IPO) PT Set at C$16.00 by National Bankshares

InPlay Oil (TSE:IPO) has been given a C$16.00 price target by equities researchers at National Bankshares in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 33.78% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Roth Capital set a C$18.00 price objective on InPlay Oil and gave the stock a “buy” rating in a research note on Monday, July 14th. ATB Capital set a C$13.00 price objective on InPlay Oil and gave the stock an “outperform” rating in a research note on Thursday, June 5th. Three equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average target price of C$12.50.

InPlay Oil Stock Performance

TSE IPO opened at C$11.96 on Monday. The stock’s fifty day moving average is C$10.61 and its two-hundred day moving average is C$7.29. The firm has a market capitalization of C$332.56 million, a P/E ratio of -79.73 and a beta of 1.09. The company has a debt-to-equity ratio of 20.44, a quick ratio of 0.51 and a current ratio of 0.61. InPlay Oil has a fifty-two week low of C$6.54 and a fifty-two week high of C$13.02.

Insider Buying and Selling

In other InPlay Oil news, Director Douglas Bartole sold 7,689 shares of InPlay Oil stock in a transaction on Friday, September 5th. The stock was sold at an average price of C$11.38, for a total value of C$87,500.82. Following the sale, the director owned 341,810 shares in the company, valued at C$3,889,797.80. The trade was a 2.20% decrease in their ownership of the stock. 25.31% of the stock is owned by corporate insiders.

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.