Inplay Oil Cp (OTCMKTS:IPOOF) Posts Earnings Results, Beats Estimates By $0.08 EPS

Inplay Oil Cp (OTCMKTS:IPOOF) posted its quarterly earnings data on Thursday. The company reported $0.56 earnings per share for the quarter, beating 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%.

Inplay Oil Cp Price Performance

IPOOF traded up $0.41 during midday trading on Thursday, hitting $12.01. The stock had a trading volume of 19,052 shares, compared to its average volume of 27,572. Inplay Oil Cp has a 1 year low of $7.64 and a 1 year high of $13.66. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 0.82. The business has a fifty day moving average of $10.81 and a 200 day moving average of $11.59. The company has a market cap of $334.60 million, a P/E ratio of -11.39 and a beta of 0.43.

Analysts Set New Price Targets

Separately, Zacks Research cut Inplay Oil Cp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Inplay Oil Cp has an average rating of “Moderate 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.