Inplay Oil Cp (OTCMKTS:IPOOF) Releases Earnings Results, Misses Estimates By $0.28 EPS

Inplay Oil Cp (OTCMKTS:IPOOF) posted its quarterly earnings results on Thursday. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.28), Zacks reports. The business had revenue of $57.62 million for the quarter, compared to analyst estimates of $62.19 million. Inplay Oil Cp had a negative net margin of 0.63% and a positive return on equity of 1.18%.

Inplay Oil Cp Stock Performance

Shares of OTCMKTS:IPOOF traded down $0.22 during trading on Thursday, reaching $9.23. The stock had a trading volume of 11,105 shares, compared to its average volume of 15,385. The stock has a fifty day simple moving average of $8.87 and a two-hundred day simple moving average of $7.61. The company has a quick ratio of 1.00, a current ratio of 1.20 and a debt-to-equity ratio of 0.62. Inplay Oil Cp has a 52 week low of $4.72 and a 52 week high of $9.66. The firm has a market capitalization of $257.88 million, a price-to-earnings ratio of -230.38 and a beta of 0.89.

Inplay Oil Cp Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 31st. Shareholders of record on Thursday, October 16th were issued a dividend of $0.0647 per share. This represents a yield of 868.0%. The ex-dividend date was Wednesday, October 15th. Inplay Oil Cp’s dividend payout ratio (DPR) is -1,900.00%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research cut Inplay Oil Cp from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. National Bankshares started coverage on shares of Inplay Oil Cp in a research report on Monday, September 8th. They set an “outperform” rating on the stock. Finally, National Bank Financial upgraded shares of Inplay Oil Cp to a “strong-buy” rating in a research report on Sunday, September 7th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Inplay Oil Cp Company Profile

InPlay Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in Canada. The company produces and sells crude oil, natural gas, and natural gas liquids. It focuses on light oil asset base located in West Central, Alberta. InPlay Oil Corp.