Inplay Oil Cp (OTCMKTS:IPOOF) Stock Rating Upgraded by Zacks Research

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

Inplay Oil Cp Price Performance

IPOOF opened at $11.96 on Wednesday. The stock has a 50-day moving average price of $10.80 and a 200-day moving average price of $11.60. The stock has a market capitalization of $333.07 million, a P/E ratio of -11.34 and a beta of 0.43. Inplay Oil Cp has a 12-month low of $7.64 and a 12-month high of $13.66. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71.

Inplay Oil Cp (OTCMKTS:IPOOF) last issued its earnings results on Thursday, August 13th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. Inplay Oil Cp had a negative return on equity of 1.00% and a negative net margin of 11.69%.The business had revenue of $87.38 million during the quarter, compared to analyst estimates of $61.34 million. Equities analysts predict that Inplay Oil Cp will post 0.55 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.