Inplay Oil Cp (OTCMKTS:IPOOF) Trading 3.3% Higher – Time to Buy?

Inplay Oil Cp (OTCMKTS:IPOOFGet Free Report)’s share price traded up 3.3% during mid-day trading on Wednesday . The stock traded as high as $9.91 and last traded at $9.8660. 20,000 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 18,861 shares. The stock had previously closed at $9.55.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Inplay Oil Cp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Inplay Oil Cp has a consensus rating of “Buy”.

Check Out Our Latest Research Report on Inplay Oil Cp

Inplay Oil Cp Stock Up 3.3%

The stock has a market capitalization of $276.05 million, a price-to-earnings ratio of -58.02 and a beta of 0.65. The firm has a 50-day moving average of $9.16 and a 200 day moving average of $8.62. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 0.60.

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

About Inplay Oil Cp

(Get Free Report)

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.

Further Reading

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