Inplay Oil Cp (OTCMKTS:IPOOF) Sees Significant Decline in Short Interest

Inplay Oil Cp (OTCMKTS:IPOOF) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 141,447 shares, a drop of 42.2% from the April 15th total of 244,526 shares. Based on an average daily volume of 63,216 shares, the short-interest ratio is presently 2.2 days. Approximately 0.5% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Inplay Oil Cp from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Inplay Oil Cp Stock Performance

OTCMKTS IPOOF opened at $12.64 on Tuesday. Inplay Oil Cp has a 52-week low of $5.42 and a 52-week high of $13.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.10. The company has a market capitalization of $354.05 million, a P/E ratio of -11.99 and a beta of 0.50. The company has a fifty day moving average of $12.37 and a 200-day moving average of $10.71.

Inplay Oil Cp (OTCMKTS:IPOOF) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Inplay Oil Cp had a negative net margin of 11.69% and a negative return on equity of 0.97%. The company had revenue of $58.45 million during the quarter, compared to the consensus estimate of $60.42 million. As a group, equities research analysts predict that Inplay Oil Cp will post 0.16 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.