Inplay Oil Cp (OTCMKTS:IPOOF) Stock Price Up 1.4% – Here’s Why

Inplay Oil Cp (OTCMKTS:IPOOF – Get Free Report)’s stock price traded up 1.4% during mid-day trading on Monday. The company traded as high as $12.0499 and last traded at $11.96. Approximately 21,668 shares were traded during trading, a decline of 67% from the average session volume of 65,413 shares. The stock had previously closed at $11.80.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Inplay Oil Cp from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Check Out Our Latest Stock Analysis on Inplay Oil Cp

Inplay Oil Cp Price Performance

The company’s 50 day simple moving average is $12.01 and its 200 day simple moving average is $11.84. 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 company has a market capitalization of $332.73 million, a PE ratio of -29.60 and a beta of 0.71.

Inplay Oil Cp (OTCMKTS:IPOOF – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. Inplay Oil Cp had a negative net margin of 3.70% and a positive return on equity of 4.89%. The firm had revenue of $87.38 million during the quarter, compared to the consensus estimate of $61.34 million. As a group, sell-side analysts predict that Inplay Oil Cp will post 0.97 earnings per share for the current year.

About Inplay Oil Cp

(Get Free Report)

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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