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 research note issued on Wednesday,Zacks.com reports.

Inplay Oil Cp Stock Performance

Shares of OTCMKTS IPOOF opened at $11.96 on Wednesday. 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 company has a market cap of $333.07 million, a P/E ratio of -11.34 and a beta of 0.43. The firm’s fifty day moving average is $10.80 and its two-hundred day moving average is $11.60. Inplay Oil Cp has a 52-week low of $7.64 and a 52-week high of $13.66.

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