Inplay Oil Cp (OTCMKTS:IPOOF – Get Free Report) released its earnings results on Thursday. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08, Zacks reports. Inplay Oil Cp had a negative net margin of 11.69% and a negative return on equity of 1.00%. The company had revenue of $87.38 million during the quarter, compared to analyst estimates of $61.34 million.
Inplay Oil Cp Price Performance
Shares of OTCMKTS IPOOF traded down $0.15 during mid-day trading on Friday, reaching $11.80. The company’s stock had a trading volume of 8,534 shares, compared to its average volume of 27,614. The firm has a market capitalization of $328.75 million, a PE ratio of -11.20 and a beta of 0.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.72. The stock has a fifty day moving average of $10.80 and a two-hundred day moving average of $11.60. Inplay Oil Cp has a 52 week low of $7.64 and a 52 week high of $13.66.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of Inplay Oil Cp from a “strong sell” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
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.
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