Inplay Oil Cp (OTCMKTS:IPOOF) Trading 3.7% Higher – Here’s What Happened

Shares of Inplay Oil Cp (OTCMKTS:IPOOF) rose 3.7% on Monday . The stock traded as high as $12.4920 and last traded at $12.3760. Approximately 18,515 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 16,842 shares. The stock had previously closed at $11.94.

Analyst Upgrades and Downgrades

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

Inplay Oil Cp Price Performance

The company has a market cap of $346.65 million, a price-to-earnings ratio of -11.74 and a beta of 0.46. The company’s 50 day moving average price is $12.33 and its 200 day moving average price is $11.08. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71.

Inplay Oil Cp (OTCMKTS:IPOOF) last issued its quarterly earnings results 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. The business had revenue of $58.45 million for the quarter, compared to analyst estimates of $60.42 million. Inplay Oil Cp had a negative net margin of 11.69% and a negative return on equity of 1.00%. Equities research analysts forecast that Inplay Oil Cp will post 0.16 earnings per share for the current 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.