Inplay Oil Cp (OTCMKTS:IPOOF) Stock Price Up 1% After Analyst Upgrade

Inplay Oil Cp (OTCMKTS:IPOOF)’s stock price shot up 1% during mid-day trading on Monday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The company traded as high as $8.98 and last traded at $8.95. 14,732 shares were traded during trading, a decline of 18% from the average session volume of 18,070 shares. The stock had previously closed at $8.8650.

Several other equities analysts have also issued reports on the stock. National Bankshares began coverage on shares of Inplay Oil Cp in a report on Monday, September 8th. They set an “outperform” rating for the company. National Bank Financial raised Inplay Oil Cp to a “strong-buy” rating in a research report on Sunday, September 7th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Inplay Oil Cp Stock Performance

The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $253.06 million, a P/E ratio of -53.22 and a beta of 0.64. The business has a fifty day moving average price of $9.02 and a 200-day moving average price of $8.37.

Inplay Oil Cp (OTCMKTS:IPOOF) last issued its earnings results on Wednesday, November 12th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The business had revenue of $57.62 million during the quarter, compared to analysts’ expectations of $62.19 million. Inplay Oil Cp had a negative return on equity of 0.39% and a negative net margin of 2.27%. On average, sell-side analysts expect that Inplay Oil Cp will post 0.08 EPS for the current year.

Inplay Oil Cp Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 31st. Investors of record on Thursday, October 16th were given a dividend of $0.0647 per share. The ex-dividend date was Wednesday, October 15th. This represents a yield of 868.0%. Inplay Oil Cp’s dividend payout ratio is -447.06%.

Inplay Oil Cp Company Profile

InPlay Oil Corp (OTCMKTS: IPOOF) is a Calgary-based exploration and production company focused on the development of oil and natural gas assets in Western Canada. The company’s primary operations are centered in the Montney and Charlie Lake formations of Alberta and northeast British Columbia, where it holds a significant land position. InPlay’s strategy emphasizes liquids-rich natural gas and condensate production, leveraging horizontal drilling and multi-stage completion techniques to enhance well performance and resource recovery.

InPlay’s asset portfolio comprises both established conventional reservoirs and emerging unconventional plays.