Inplay Oil Cp (OTCMKTS:IPOOF) Releases Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Inplay Oil Cp (OTCMKTS:IPOOF) announced its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11), Zacks reports. Inplay Oil Cp had a negative net margin of 3.70% and a positive return on equity of 4.89%. The firm had revenue of $83.87 million during the quarter, compared to analysts’ expectations of $79.44 million.

Inplay Oil Cp Stock Up 0.5%

IPOOF stock traded up $0.06 during midday trading on Friday, hitting $12.42. The company’s stock had a trading volume of 12,104 shares, compared to its average volume of 79,741. Inplay Oil Cp has a 52-week low of $8.33 and a 52-week high of $14.97. The firm has a market capitalization of $343.79 million, a P/E ratio of -37.19 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.75. The firm has a 50-day simple moving average of $12.97 and a 200-day simple moving average of $11.96.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Inplay Oil Cp from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of “Hold”.

About Inplay Oil Cp

InPlay Oil Corp. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, developing and operating conventional and unconventional petroleum assets, with an emphasis on light oil and associated natural gas production.

InPlay’s operations are concentrated in Alberta within the Western Canadian Sedimentary Basin. Its development activities have included the Cardium formation and other central Alberta oil-producing areas, where the company applies horizontal drilling and multistage hydraulic fracturing to develop its reserves.

The company’s strategy centers on disciplined development of its existing asset base, operational efficiency and the generation of production from its Alberta properties.