Inplay Oil Cp (OTCMKTS:IPOOF) Stock Rating Upgraded by Zacks Research

Inplay Oil Cp (OTCMKTS:IPOOF) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday, Zacks reports.

Inplay Oil Cp Price Performance

Shares of IPOOF opened at $13.07 on Thursday. The firm has a market capitalization of $363.72 million, a PE ratio of -32.36 and a beta of 0.47. 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 company’s fifty day moving average price is $11.50 and its 200-day moving average price is $11.82. Inplay Oil Cp has a 1-year low of $7.97 and a 1-year high of $13.66.

Inplay Oil Cp (OTCMKTS:IPOOF) last posted 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. The business had revenue of $87.38 million for the quarter, compared to the consensus estimate of $61.34 million. Inplay Oil Cp had a positive return on equity of 4.82% and a negative net margin of 3.70%. On average, equities research analysts predict that Inplay Oil Cp will post 0.97 EPS for the current 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.