Inplay Oil Cp (OTCMKTS:IPOOF) Releases Earnings Results, Beats Estimates By $0.08 EPS

Inplay Oil Cp (OTCMKTS:IPOOF) posted its earnings results on Thursday. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08, Zacks reports. Inplay Oil Cp had a negative net margin of 3.70% and a positive return on equity of 4.82%. The firm had revenue of $87.38 million during the quarter, compared to analyst estimates of $61.34 million.

Inplay Oil Cp Stock Down 1.6%

Shares of OTCMKTS:IPOOF opened at $11.76 on Friday. The firm has a market capitalization of $327.55 million, a PE ratio of -29.10 and a beta of 0.43. The business has a 50 day simple moving average of $10.79 and a two-hundred day simple moving average of $11.60. Inplay Oil Cp has a 1 year low of $7.64 and a 1 year high of $13.66. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.72.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Inplay Oil Cp from a “strong sell” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Inplay Oil Cp presently has an average rating of “Buy”.

Inplay Oil Cp Company Profile

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.