Inplay Oil Cp (OTCMKTS:IPOOF) Stock Price Up 1.4% – Should You Buy?

Inplay Oil Cp (OTCMKTS:IPOOF – Get Free Report) was up 1.4% during trading on Monday. The stock traded as high as $12.0499 and last traded at $11.96. 21,668 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 65,413 shares. The stock had previously closed at $11.80.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Inplay Oil Cp from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Get Our Latest Report on IPOOF

Inplay Oil Cp Stock Performance

The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 0.99. The firm’s 50-day moving average price is $12.01 and its two-hundred day moving average price is $11.84. The stock has a market cap of $332.73 million, a price-to-earnings ratio of -29.60 and a beta of 0.71.

Inplay Oil Cp (OTCMKTS:IPOOF – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. The firm had revenue of $87.38 million during the quarter, compared to analysts’ expectations of $61.34 million. Inplay Oil Cp had a negative net margin of 3.70% and a positive return on equity of 4.89%. On average, analysts expect that Inplay Oil Cp will post 0.97 EPS for the current fiscal year.

About Inplay Oil Cp

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InPlay Oil Corp. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids.

InPlay’s operations are concentrated in west-central Alberta, where it holds interests in the Cardium and other prospective formations. Its activities include drilling and completing wells, managing producing properties and developing its land base to support long-term production.

The company’s portfolio is oriented toward light oil and liquids-rich natural gas opportunities in the Western Canadian Sedimentary Basin.

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