Inplay Oil Cp (OTCMKTS:IPOOF) Issues Quarterly Earnings Results

Inplay Oil Cp (OTCMKTS:IPOOF) posted its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.13), Zacks reports. Inplay Oil Cp had a positive return on equity of 5.78% and a negative net margin of 2.69%.

Inplay Oil Cp Stock Performance

Shares of Inplay Oil Cp stock opened at $12.42 on Friday. Inplay Oil Cp has a fifty-two week low of $8.33 and a fifty-two 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 debt-to-equity ratio of 0.75, a current ratio of 0.99 and a quick ratio of 0.88. The company’s 50 day moving average price is $12.97 and its two-hundred day moving average price is $11.96.

Analyst Ratings Changes

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

Inplay Oil Cp Company Profile

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.