Inplay Oil Cp (OTCMKTS:IPOOF) Upgraded to “Hold” at Zacks Research

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

Inplay Oil Cp Price Performance

Shares of IPOOF opened at $11.58 on Tuesday. The company has a market capitalization of $324.24 million, a P/E ratio of -41.36 and a beta of 0.55. 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 firm has a 50 day moving average of $12.07 and a 200 day moving average of $10.30. Inplay Oil Cp has a twelve month low of $4.72 and a twelve month high of $13.66.

Inplay Oil Cp (OTCMKTS:IPOOF) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $58.45 million during the quarter, compared to the consensus estimate of $60.42 million. Inplay Oil Cp had a negative net margin of 2.69% and a negative return on equity of 0.73%. As a group, equities research analysts anticipate that Inplay Oil Cp will post 0.24 earnings per share 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.