Inplay Oil Cp (OTCMKTS:IPOOF) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Inplay Oil Cp (OTCMKTS:IPOOFGet Free Report) released its quarterly earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04, Zacks reports. The company had revenue of $58.45 million during the quarter, compared to analysts’ expectations of $60.42 million. Inplay Oil Cp had a negative return on equity of 0.39% and a negative net margin of 2.27%.

Inplay Oil Cp Price Performance

Shares of IPOOF stock traded up $0.19 on Friday, reaching $12.65. 8,350 shares of the company were exchanged, compared to its average volume of 20,161. Inplay Oil Cp has a 1 year low of $4.72 and a 1 year high of $13.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.66 and a current ratio of 0.84. The business has a 50-day moving average price of $10.46 and a 200 day moving average price of $9.41. The company has a market cap of $353.97 million, a price-to-earnings ratio of -74.39 and a beta of 0.70.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Inplay Oil Cp from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Read Our Latest Stock Report on IPOOF

About Inplay Oil Cp

(Get Free Report)

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.

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Earnings History for Inplay Oil Cp (OTCMKTS:IPOOF)

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