Shares of Inplay Oil Cp (OTCMKTS:IPOOF – Get Free Report) were up 1.4% on Monday. The company traded as high as $12.0499 and last traded at $11.96. 21,668 shares changed hands during trading, a decline of 67% from the average daily volume of 65,413 shares. The stock had previously closed at $11.80.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Inplay Oil Cp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.
Read Our Latest Report on IPOOF
Inplay Oil Cp Stock Performance
Inplay Oil Cp (OTCMKTS:IPOOF – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $87.38 million for the quarter, compared to analyst estimates of $61.34 million. Inplay Oil Cp had a negative net margin of 3.70% and a positive return on equity of 4.89%. Analysts anticipate that Inplay Oil Cp will post 0.97 EPS for the current year.
About Inplay Oil Cp
InPlay Oil Corp. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids.
InPlay’s operations are concentrated in west-central Alberta, where it holds interests in the Cardium and other prospective formations. Its activities include drilling and completing wells, managing producing properties and developing its land base to support long-term production.
The company’s portfolio is oriented toward light oil and liquids-rich natural gas opportunities in the Western Canadian Sedimentary Basin.
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