Inplay Oil Cp (OTCMKTS:IPOOF) Raised to Hold at Zacks Research

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

Inplay Oil Cp Stock Performance

Inplay Oil Cp stock opened at $11.96 on Wednesday. Inplay Oil Cp has a 1-year low of $7.64 and a 1-year high of $13.66. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $333.07 million, a PE ratio of -11.34 and a beta of 0.43. The firm’s 50 day simple moving average is $10.80 and its 200 day simple moving average is $11.60.

Inplay Oil Cp (OTCMKTS:IPOOF) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The firm had revenue of $87.38 million during the quarter, compared to the consensus estimate of $61.34 million. Inplay Oil Cp had a negative net margin of 11.69% and a negative return on equity of 1.00%. As a group, analysts expect that Inplay Oil Cp will post 0.55 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.