Inplay Oil Cp (IPOOF) Expected to Release Quarterly Earnings on Wednesday

Inplay Oil Cp (OTCMKTS:IPOOF) is expected to be posting its resultson Wednesday, November 11th. Analysts expect Inplay Oil Cp to announce earnings of $0.05 per share and revenue of $79.44 million for the quarter.

Inplay Oil Cp (OTCMKTS:IPOOF) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. Inplay Oil Cp had a negative net margin of 3.70% and a positive return on equity of 4.89%. The business had revenue of $87.38 million for the quarter, compared to the consensus estimate of $61.34 million. On average, analysts expect Inplay Oil Cp to post $0.97 EPS for the current fiscal year and $1.08 EPS for the next fiscal year.

Inplay Oil Cp Price Performance

Shares of OTCMKTS:IPOOF opened at $14.05 on Wednesday. The company has a market capitalization of $388.90 million, a P/E ratio of 38.35 and a beta of 0.57. Inplay Oil Cp has a 1-year low of $8.33 and a 1-year high of $14.97. The firm’s 50 day simple moving average is $12.95 and its two-hundred day simple moving average is $11.92. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.99 and a quick ratio of 0.88.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Inplay Oil Cp from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock 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.