Inplay Oil Cp (OTCMKTS:IPOOF) Rating Increased 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 Wednesday,Zacks.com reports.

Inplay Oil Cp Trading Up 3.1%

Shares of IPOOF opened at $11.96 on Wednesday. Inplay Oil Cp has a 1-year low of $7.64 and a 1-year high of $13.66. The firm has a market capitalization of $333.07 million, a price-to-earnings ratio of -11.34 and a beta of 0.43. The firm’s 50-day moving average price is $10.80 and its 200-day moving average price is $11.60. 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 data 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 11.69% and a negative return on equity of 1.00%. The business had revenue of $87.38 million during the quarter, compared to analyst estimates of $61.34 million. Sell-side analysts anticipate that Inplay Oil Cp will post 0.55 EPS 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.