Inplay Oil Cp (OTCMKTS:IPOOF) Stock Rating Upgraded by Zacks Research

Inplay Oil Cp (OTCMKTS:IPOOF) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. National Bank Financial upgraded shares of Inplay Oil Cp to a “strong-buy” rating in a research report on Sunday, September 7th. National Bankshares assumed coverage on shares of Inplay Oil Cp in a report on Monday, September 8th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Inplay Oil Cp Stock Performance

IPOOF opened at $9.12 on Monday. The business has a 50 day moving average price of $9.01 and a two-hundred day moving average price of $8.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.84 and a quick ratio of 0.66. The company has a market capitalization of $255.00 million, a price-to-earnings ratio of -53.63 and a beta of 0.64. Inplay Oil Cp has a 1-year low of $4.72 and a 1-year high of $9.66.

Inplay Oil Cp (OTCMKTS:IPOOF) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). Inplay Oil Cp had a negative net margin of 2.27% and a negative return on equity of 0.39%. The firm had revenue of $57.62 million for the quarter, compared to analyst estimates of $62.19 million. Research analysts predict that Inplay Oil Cp will post 0.08 EPS for the current fiscal year.

About Inplay Oil Cp

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.