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

Inplay Oil Cp (OTCMKTS:IPOOF) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Inplay Oil Cp Trading Up 0.6%

Inplay Oil Cp stock opened at $11.58 on Tuesday. Inplay Oil Cp has a 12 month low of $4.72 and a 12 month high of $13.66. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.61. The stock has a market cap of $324.24 million, a P/E ratio of -41.36 and a beta of 0.55. The company’s fifty day simple moving average is $12.07 and its 200-day simple moving average is $10.30.

Inplay Oil Cp (OTCMKTS:IPOOF) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $58.45 million during the quarter, compared to analysts’ expectations of $60.42 million. Inplay Oil Cp had a negative return on equity of 0.73% and a negative net margin of 2.69%. As a group, sell-side analysts forecast that Inplay Oil Cp will post 0.24 EPS for the current fiscal year.

Inplay Oil Cp Company Profile

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.