Inplay Oil Cp (OTCMKTS:IPOOF) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Inplay Oil Cp (OTCMKTS:IPOOFGet Free Report) released its quarterly earnings data on Thursday. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08, Zacks reports. Inplay Oil Cp had a negative net margin of 11.69% and a negative return on equity of 1.00%.

Inplay Oil Cp Trading Up 3.4%

Shares of Inplay Oil Cp stock traded up $0.40 during mid-day trading on Thursday, hitting $12.00. 27,452 shares of the stock were exchanged, compared to its average volume of 27,586. Inplay Oil Cp has a twelve month low of $7.64 and a twelve month high of $13.66. The stock has a market capitalization of $334.32 million, a price-to-earnings ratio of -11.39 and a beta of 0.43. The company has a 50-day simple moving average of $10.81 and a 200 day simple moving average of $11.59. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Inplay Oil Cp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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Inplay Oil Cp Company Profile

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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.

See Also

Earnings History for Inplay Oil Cp (OTCMKTS:IPOOF)

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