Inplay Oil Cp (OTCMKTS:IPOOF) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Inplay Oil Cp (OTCMKTS:IPOOF) from a strong sell rating to a hold rating in a report published on Tuesday,Zacks.com reports.

Inplay Oil Cp Trading Up 0.6%

IPOOF opened at $11.58 on Tuesday. The stock has a 50-day moving average of $12.07 and a 200 day moving average of $10.30. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61. Inplay Oil Cp has a 12 month low of $4.72 and a 12 month high of $13.66. The firm has a market cap of $324.24 million, a P/E ratio of -41.36 and a beta of 0.55.

Inplay Oil Cp (OTCMKTS:IPOOF) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $58.45 million for the quarter, compared to the consensus estimate of $60.42 million. Inplay Oil Cp had a negative return on equity of 0.73% and a negative net margin of 2.69%. As a group, research analysts forecast that Inplay Oil Cp will post 0.24 EPS for the current year.

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.