InPlay Oil (TSE:IPO) Upgraded at National Bank Financial

InPlay Oil (TSE:IPO) was upgraded by investment analysts at National Bank Financial to a “strong-buy” rating in a research note issued to investors on Sunday,Zacks.com reports.

A number of other brokerages have also recently weighed in on IPO. National Bankshares set a C$16.00 price objective on InPlay Oil and gave the company an “outperform” rating in a research note on Monday. ATB Capital set a C$13.00 price objective on InPlay Oil and gave the company an “outperform” rating in a research note on Thursday, June 5th. Finally, Roth Capital set a C$18.00 price objective on InPlay Oil and gave the company a “buy” rating in a research note on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and a consensus target price of C$12.50.

InPlay Oil Price Performance

Shares of IPO opened at C$11.83 on Friday. InPlay Oil has a twelve month low of C$6.54 and a twelve month high of C$13.02. The firm’s fifty day simple moving average is C$10.55 and its 200-day simple moving average is C$7.26. The firm has a market capitalization of C$328.94 million, a price-to-earnings ratio of -78.87 and a beta of 1.09. The company has a current ratio of 0.61, a quick ratio of 0.51 and a debt-to-equity ratio of 20.44.

About InPlay Oil

InPlay Oil Corp is oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company’s operations are focused on a concentrated light oil asset base located in West Central Alberta.