Inplay Oil Cp (OTCMKTS:IPOOF) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Inplay Oil Cp (OTCMKTS:IPOOF) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks reports.

Inplay Oil Cp Trading Up 0.3%

Shares of Inplay Oil Cp stock opened at $13.07 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $11.50 and a 200-day simple moving average of $11.82. The stock has a market cap of $363.72 million, a price-to-earnings ratio of -32.36 and a beta of 0.47. Inplay Oil Cp has a 12-month low of $7.97 and a 12-month high of $13.66.

Inplay Oil Cp (OTCMKTS:IPOOF) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. 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 for the quarter, compared to analyst estimates of $61.34 million. On average, equities analysts forecast that Inplay Oil Cp will post 0.97 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.