Inplay Oil Cp (OTCMKTS:IPOOF) Rating Lowered to Strong Sell at Zacks Research

Inplay Oil Cp (OTCMKTS:IPOOF) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Inplay Oil Cp Trading Up 0.3%

Shares of Inplay Oil Cp stock opened at $10.90 on Wednesday. The stock has a fifty day simple moving average of $9.33 and a 200 day simple moving average of $8.76. Inplay Oil Cp has a 12-month low of $4.72 and a 12-month high of $11.30. The company has a market capitalization of $304.98 million, a P/E ratio of -64.10 and a beta of 0.65. 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:IPOOF) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $57.62 million for the quarter, compared to the consensus estimate 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 fiscal year.

About Inplay Oil Cp

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.