Inplay Oil Cp (OTCMKTS:IPOOF) Posts Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Inplay Oil Cp (OTCMKTS:IPOOF) posted its quarterly earnings data on Thursday. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.11), Zacks reports. Inplay Oil Cp had a positive return on equity of 4.89% and a negative net margin of 3.70%.

Inplay Oil Cp Stock Performance

OTCMKTS:IPOOF traded down $0.27 during midday trading on Thursday, hitting $12.36. The company’s stock had a trading volume of 40,824 shares, compared to its average volume of 81,476. Inplay Oil Cp has a fifty-two week low of $8.33 and a fifty-two week high of $14.97. The firm’s 50 day moving average is $12.97 and its 200-day moving average is $11.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.99 and a quick ratio of 0.88. The firm has a market cap of $342.12 million, a P/E ratio of -30.59 and a beta of 0.57.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Inplay Oil Cp from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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 acquiring, developing and operating conventional and unconventional petroleum assets, with an emphasis on light oil and associated natural gas production.

InPlay’s operations are concentrated in Alberta within the Western Canadian Sedimentary Basin. Its development activities have included the Cardium formation and other central Alberta oil-producing areas, where the company applies horizontal drilling and multistage hydraulic fracturing to develop its reserves.

The company’s strategy centers on disciplined development of its existing asset base, operational efficiency and the generation of production from its Alberta properties.