Inplay Oil Cp (OTCMKTS:IPOOF) Cut to “Strong Sell” at Zacks Research

Inplay Oil Cp (OTCMKTS:IPOOF) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Inplay Oil Cp Trading Up 0.3%

Shares of Inplay Oil Cp stock opened at $10.90 on Wednesday. The stock has a market capitalization of $304.98 million, a PE ratio of -64.10 and a beta of 0.65. Inplay Oil Cp has a 52 week low of $4.72 and a 52 week high of $11.30. The stock has a 50 day moving average price of $9.33 and a two-hundred day moving average price of $8.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.66 and a current ratio of 0.84.

Inplay Oil Cp (OTCMKTS:IPOOF) last issued its earnings results on Wednesday, November 12th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). Inplay Oil Cp had a negative return on equity of 0.39% and a negative net margin of 2.27%.The firm had revenue of $57.62 million for the quarter, compared to analyst estimates of $62.19 million. As a group, equities analysts anticipate that Inplay Oil Cp will post 0.08 earnings per share for the current fiscal 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.